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Sensex @ 18K, history is made
October 09, 2007
The surge was fuelled by software exporters, led by Tata Consultancy Services, whose scrips shot up sharply on expectation that a strong rupee might push up their dollar-denominated earnings this quarter.
The rupee has risen 12 per cent against the US dollar this year, making it the second-best performing currency in the Asia-Pacific region.
Indian software companies get more than half of their sales from the US.
Image: A motorcyclist and his passenger watch the live ticker showing the Bombay Stock Exchange in Mumbai.
Photograph: Sajjad Hussain/AFP/Getty Images
Also read: Sensex @ 17K: Speedbreaker ahead
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