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Thursday, May 22, 2008

Rupee weakens past 43/dollar to 13-mth lows



MUMBAI: The partially convertible Indian rupee weakened past 43 per
dollar to its lowest level in 13 months in opening deals on Thursday,
as record oil prices raised worries of a widening trade deficit.

At 9.02 am, the rupee was at 43.10 per dollar, a level it last traded
on April 6, 2007. It had closed at 42.83/84 on Wednesday.

Source : Economic Times


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