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Rupee on Thursday
The rupee fell to its lowest level in more than a week on Thursday as importers stepped up dollar buying, most likely to pay for oil and defence equipment, and as caution set in ahead of the European Central Bank's rate decision later in the day.
The rupee ended at 49.4975/5075 to the dollar, after dipping to 49.5250, a level not seen since February 1, according to Thomson Reuters data. It closed at 49.15/16 on Wednesday.
'Dollar buying related to oil was present'...
The rupee ended at 49.4975/5075 to the dollar, after dipping to 49.5250, a level not seen since February 1, according to Thomson Reuters data. It closed at 49.15/16 on Wednesday.
'Dollar buying related to oil was present'...
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