Tuesday 7 October 2008

Rupee falls to toward 6-year low early

The rupee fell towards a six-year low early on Wednesday as a sharp fall in Asian stocks intensified concerns about accelerated foreign fund
withdrawals.

At 9:03 a.m. (0333 GMT), the partially convertible rupee was at 48.28 per dollar, its lowest since Dec. 2, 2002. On Tuesday, it closed at 47.915/93.

Source: EconomicTimes

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