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This Article is From May 09, 2012

Rupee falls on renewed Eurozone concerns

Rupee falls on renewed Eurozone concerns
Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand

The rupee opened lower on Wednesday as renewed concerns about the Eurozone battered riskier assets, setting up the prospect of continued intervention from the RBI.

The rupee was at 53.54/55 to the dollar in early trades versus its Tuesday close of 53.12/13.

Copyright @Thomson Reuters 2012

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