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This is an archive article published on December 23, 2008

Rupee depreciates to 48.24 against dollar

The Indian rupee fell early on Tuesday on concerns that weak Asian stock markets could trigger foreign fund withdrawals.

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The Indian rupee fell early on Tuesday on concerns that weak Asian stock markets could trigger foreign fund withdrawals.

At 9:05 a.m., the partially convertible rupee was at 48.24/25 per dollar, off an early trough of 48.35, the lowest since Dec. 12, and weaker than the previous close of 48.01/03. The unit had opened at 48.22.

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