Rupee loses as risk assets fall; exporters sell

Last Updated: Mon, Oct 08, 2012 08:29 hrs
Kashmiri woman walks under garland made of Indian currency notes in Srinagar

The rupee falls to 52.18/19 versus its previous close of 51.85/86, as part of a fall in risk assets over conerns about the global economic outlook.

The Sensex falls 0.9 percent, prompting some dollar buying from custodians banks, likely on behalf of foreign investors.

However, dollar sales from exporters at around 52.20-52.25 levels could limit any substantial gains in USD/INR.

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