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Rupee falls most in nearly three weeks

Rupee falls most in nearly three weeks
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First Published: Tue, Oct 11 2011. 10 28 PM IST

Updated: Tue, Oct 11 2011. 10 28 PM IST
Mumbai: The rupee snapped a three-day rally to post its biggest single session fall in nearly three weeks on Tuesday as dollar demand outstripped supply and domestic equities turned choppy.
The euro’s retreat from its intra-day high on caution before a key vote on proposed changes to the euro zone’s rescue fund also weighed on the rupee, traders said. The partially convertible rupee ended at 49.335/345 per dollar, 0.7% down from its previous close, making it the largest single session drop since 22 September, when the unit had dipped 2.5%.
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First Published: Tue, Oct 11 2011. 10 28 PM IST
More Topics: Markets | Rupee | Currency | Asia | BSE |