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Rupee falls to 13-month low against dollar

PUBLISHED ON: May 14, 2008 | Duration: 2 min, 05 sec

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Rupee on Wednesday tumbled by another 34 paise to a fresh 13-month low of 42.44/45 against the US currency following good demand for dollar, mainly from oil refiners. In fairly active trade at the Interbank Foreign Exchange (Forex) market, the local unit opened lower at 42.20/22 a dollar from yesterday's close of 42.10/12.
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