The Indian Rupee surged over an astonishing 3% in more than a decade with the new UPA govt and the hopes that more reforms, foreign inflows will cater to the rise of the rupee in the near future. The rupee made its close at 47.88/90 per dollar. from the high of 47.77 which is one of its highest since Dec 26,2008. The rupee is up 1.7% from the end of 2008 and is up 9% from the record low of 52.2 in early March. 

Rupee

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