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    Re fall a concern, RBI unable to defend it: IndusInd Bank

    The battered Indian rupee hit a record low against the US dollar on Tuesday. The rupee opened at 53.53 per dollar versus 53.23 yesterday. Moses Harding of IndusInd Bank feels the rupee weakness was not a surprise, but at the pace at which it fell from Rs 44 to Rs 54 levels in just five-six trading days is very worrying.

    first published: Dec 14, 2011 10:52 am

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