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Tuesday, November 11, 2008

Rupee falls


Ends at 48.1250/1400

Rupee closed at its lowest in a week on Tuesday as a sharp fall in the domestic equity market raised concerns of more foreigners repatriating funds, pressuring the currency lower.

Rupee closed at 48.1250/1400 per dollar, its weakest since Nov. 4, and 1.6 percent below 47.35/37 at close on Monday. On Oct. 27, the rupee had fallen to a record low 50.29.