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Indian rupee tumbles to 9-month low of 62.25 per US dollar

Mon, Dec 01, 2014, 12:57 PM
Hyderabad, Dec 1: The Indian rupee tumbled to 62.25 per dollar during trading on Monday morning. This level was last seen on February 20 and it is the straight fifth week fall for the rupee.

Global factors and a rally in the US dollar led to the weakening of the Indian rupee.

Analysts said expectations of the Reserve Bank of India cutting the interest rates on Tuesday could also be weighing on the sentiments.
Agency: Ap7am Desk

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