rupees
A bank employee counts bundles of currency at a cash counter in Agartala in this July 7, 2009 file photo. Reuters

he rupee rose on Monday after the budget increased foreign institutional investment (FII) limit in corporate infrastructure bonds by $20 billion to $40 billion.

At 11:27 a.m. the partially convertible rupee was at 45.18/19 per dollar, from 45.25 before the announcement. It had closed at 45.31/32 on Friday.

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