The rupee rose to a near one-week high on capital inflow hopes as local stocks make strong gains. The currency climbed to 54.8050, its highest since December 20. It is currently trading at 54.84/8450 versus 54.95/96 at close on Monday. The BSE Sensex, meanwhile, jumped nearly 1 per cent. The pair has support at 14-day moving average, currently at 54.6761. The government announced today that it plans to extend interest sops to exporters.

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