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HindustanTimes Fri,29 Aug 2014

Rupee weakens after two-day rally; tracking stock moves

Reuters  Mumbai , July 01, 2013
First Published: 09:40 IST(1/7/2013) | Last Updated: 09:41 IST(1/7/2013)

The rupee opened weaker on Monday after gaining in each of the previous two sessions, with domestic stocks expected to give further direction to the currency.

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The rupee was trading at 59.46/47 to the dollar as against 59.385/395 Friday close. It hit a record low of 60.76 last week.

Foreign investors were buyers of $189.15 million of Indian equities on Friday, but continued to remain sellers in rupee-debt with sales of $114.09 million on Thursday.


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