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| Nifty futures tips |
The rupee fell-down by another 27 paise to trade at fresh 2-year low of 65.81 as compared to the dollar on yesterday on sustained capital outflows by foreign funds even as the US currency weakened overseas. On the other hand, strong demand for dollar from importers and banks and a steady opening in the native equity market weighed on the local currency, said by forex dealers.
The INR(Rupee) declined even as dollar weakened against other major global currencies overseas amid mounting global economic slowdown worries.
The rupee had lost 27 paise to close at a new 2-year low of 65.54 against the US dollar thursday following renewed demand for the American currency from banks and importers. Meanwhile, the benchmark Sensex plunged with 476.38 pts, or 1.72% to 27,131.44 in early trade.
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