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Rupee lower tracking weaker euro, local shares

Source : SIFY
Last Updated: Tue, Mar 26, 2013 04:48 hrs
An employee counts Indian currency notes at a cash counter in New Delhi

​The rupee falls to 54.3525/3600, tracking negative local shares and heavy losses in the euro in Asian trade.

The pair last closed at 54.175/185.

Traders said a few stopgaps were getting triggered, which prompted dollar buying.

The Sensex was down 0.24 percent, while the Nifty was down 0.16 percent, after the two indices fell for a seventh consecutive session on Monday.

The euro was hit by fears that future bank rescues in the euro zone would come with the same stern conditions seen in Cyprus' deal.


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