Rupee posts biggest yearly fall since 8217;90s

The Indian rupee fell 19.1 per cent in 2008, its biggest yearly fall since the early 1990s, as foreign fund withdrawals from the stock market and a widening trade deficit weighed.

The partially convertible rupee closed at 48.70/72 per dollar on Wednesday, weaker than its Tuesday8217;s close of 48.47/49.

In 2007, the rupee had gained more than 12 per cent to 39.41.