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Indian rupee weakens in Asian markets

Indian rupee weakens in Asian markets
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First Published: Thu, Sep 04 2008. 09 41 AM IST
Updated: Thu, Sep 04 2008. 09 41 AM IST
Mumbai: The Indian rupee weakened in early trade on Thursday, as weak cues from Asian stock markets and a widening trade deficit hurt sentiment, but traders were wary of central bank intervention.
At 9:30 am the partially convertible rupee was at Rs44.49/50 per dollar, from its previous close of Rs44.38/39.
Asian shares fell to new two-year lows on Thursday as further signs of a slowing global economy - from the euro zone to Japan - hit sectors, such as technology that rely on exports.
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First Published: Thu, Sep 04 2008. 09 41 AM IST
More Topics: Markets | India | Rupee | Trade | Asian Stocks |