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Rupee suffers biggest fall in 12 years

PUBLISHED ON: November 12, 2008 | Duration: 1 min, 16 sec

   
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The Indian rupee posted its biggest single-day fall in more than 12 years on Wednesday, hit by rising outflows from the local share market and heavy dollar demand from state-run banks to meet commercial operations. Rupee ended at 49.30/32 per dollar, 2.4 per cent weaker than Tuesday's close of 48.1250/1400. On October 27, it fell to a record low of 50.29.
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