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The Indian rupee fell by 25 paise to Rs. 48.94 per U.S. dollar in early trade on the Interbank Foreign Exchange on Tuesday, due to appreciation of the American currency against other major rivals overseas and a lower opening in the domestic equity market.
The BSE benchmark Sensex fell by nearly 103 points in opening trade on Tuesday, on sustained selling by funds tracking a weak trend in global markets amid renewed concerns about the euro zone debt crisis.
Software exporter Wipro on Monday reported a growth of 1.24 per cent in consolidated net profit to Rs. 1,300.9 crore for the quarter ended September 30, 2011.
The BSE benchmark Sensex fell by over 68 points in opening trade on Monday as realty, banking and oil and gas stocks succumbed to profit-booking in the wake of Friday’s rally.


Indian Hotels, the hospitality arm of the Tata Group, which posted Rs. 8.12 crore net profit for the September quarter on the back of higher sales, said it would open 11 new hotels with 1,425 rooms this fiscal. The company, which runs the Taj brand of hotels, reported a net loss of Rs. 6.30 crore in the year-ago period.
Amid global rally on easing eurozone debt crisis, Indian equities surged ahead as the Bombay Stock Exchange 30-share index, Sensex, gained 515.97 points or 2.98 per cent and closed at 17804.80, recording its biggest gain in two months.
The rupee spurt 67 paise to Rs. 48.83 against the US dollar in early trade on the Interbank Foreign Exchange on Friday, supported by euro gains against the American currency and a sharp rise in the domestic equities market.
The BSE benchmark Sensex shot up by over 619 points in the opening trade on Friday on brisk buying by foreign funds, triggered by easing euro-zone debt crisis and indications by the RBI that it may pause rate hikes.
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