Rupee Ends Weaker Than 50 Per Dollar for First Time [India Business]

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Rupee Ends Weaker Than 50 Per Dollar for First Time [India Business]

MUMBAI: The rupee fell sharply against the dollar to close at an all-time low of Rs 50.02 on Tuesday. The 35-paise fall from its previous closing was prompted by heavy dollar demand from FIIs exiting Indian stocks and oil companies.

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