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Dollar at a high, watch out for Re at 55/$: BNP Paribas

The Indian currency hit a record low on Wednesday, dropping as low as 54.36 to the dollar, breaching its previous record low of 54.30 set in December. Succumbing to the steep risk aversion in the global markets and the vulnerabilities of a challenging economy seem to have caught on the rupee.

first published: May 16, 2012 02:57 pm

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