Monday, August 8, 2011

Rupee falls past 45/$ to 5-week low on outflow worry

The rupee weakened past 45 to the dollar early on Monday for first time in five weeks after a global equities rout following US rating downgrade triggered concerns about foreign fund outflows.

The partially convertible rupee was at Rs. 45.01/02, a level last seen on 28 June. It had ended 0.4% weaker at 44.735/740 on Friday

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