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    HomeNewsBusinessMarketsRupee at 4-1/2 month low on weaker shares, dollar demand

    Rupee at 4-1/2 month low on weaker shares, dollar demand

    Rupee hits a 41/2 month low as local shares fall for a second consecutive session

    May 21, 2013 / 17:26 IST

    The rupee falls to a session low of 55.2250, a level last seen on January 8, versus its Monday close of 55.10/11.


    Losses come as local shares fall for a second consecutive session, with one state-run bank dealer noting big importer dollar demand from a private refining company.

    Also read: Rupee to end 2013 in range of 56.50-57/$: Credit Suisse

    first published: May 21, 2013 05:26 pm

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