AfDB releases 511 million USD to finance government programmes in Niger
The African Development Bank (AfDB) released about 511 million US dollars to finance four government programmes in Niger, an AfDB official said Sunday.
The rupee gained 22 paise to 63.47 against the US dollar in the early session on Thursday on increased selling of the American currency by exporters and banks.
Besides sustained foreign fund inflows, stock markets opened with gains and the dollar weakening against major currencies overseas also supported the domestic unit, forex dealers said.
The dollar was weak following the US Treasury Secretary hailing a ‘weak dollar’ at the World Economic Forum in Davos.
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Yesterday, the rupee had strengthened by 9 paise to close at a new one-week high 63.69.
Meanwhile, the benchmark BSE Sensex rose 85.38 points, or 0.23 per cent, to quote higher at 36,247.02 in early trade on Thursday.
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