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Rupee falls to historic depth

Mumbai : India | about 1 month ago
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  • A man exchanges rupees to dollars at a currency dealer shop in Karachi
    A man exchanges rupees to dollars at a currency dealer shop in ...
    Source: Reuters
A man exchanges rupees to dollars at a currency dealer shop in ...
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The rupee closed at 50 per dollar for the first time on Wednesday as selling of stocks by foreign institutional investors continued amid worsening global economic conditions. The abnormal fall in the value of the rupee has raised the cost of imports, while increasing earnings on exports.

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