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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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