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Import payments weigh down on rupee
Source: the news | 14-12-2012

The rupee weakened at 97.34/97.40 against the dollar, compared to Wednesday's 97.17/97.23.

 

The rupee came under pressure due to import payments. The local currency may fall further due to strong demand for the dollar from importers, a dealer said.Overnight rates in the money market ended at 10 percent compared to Wednesday's close of 9.90 percent.

 

 

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