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Indian rupee falls to 49.3 against $
The Saudi Gazette Published in The Saudi Gazette on 11 - 10 - 2008


The Indian rupee on Friday fell to a record low of 49.3 against the dollar (or Rs.13.146 against the Saudi riyal), amid fears of further overseas fund outflows. Indian share prices also plunged to a two-year low despite central bank moves to boost liquidity and government attempts to ease fears of an economic slowdown. __

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