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Rupee falls to toward 6-year low early

This article was posted on Oct 8, 2008 and is filed under Market News

MUMBAI: 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.

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