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Indian rupee falls to lowest since Dec 2006

Indian rupee falls to lowest since Dec 2006
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First Published: Fri, Sep 05 2008. 04 06 PM IST
Updated: Fri, Sep 05 2008. 04 06 PM IST
Mumbai: The Indian rupee fell to its lowest since December 2006 on Friday, as a stock market slide triggered concerns of further foreign fund outflows.
At 3:42 pm, partially convertible rupee was at Rs44.70/72 per dollar, its lowest since 21 December, 2006 and weaker than its previous close of Rs44.35/36.
India’s main share index fell 2.8%, tracking losses in other regional stock markets weighed down by fears of a global economic slowdown.
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First Published: Fri, Sep 05 2008. 04 06 PM IST
More Topics: India | Rupee | Fall | Market | Currency |