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Rupee hits record low past 62 Vs dollar

Last Updated: Friday, August 16, 2013 - 17:53

Zee Media Bureau/Reema Sharma/Ajeet Kumar

Mumbai: The rupee on Friday hit record low of 62.03 against dollar on heavy US currency demand supported by growing expectations that Fed may withdraw its bond buying programme by the end of this month amid growing signs of recovery in US Job market.

Pairing some of its earlier losses, the rupee, however, closed at an all-time low of 61.65 Vs dollar

Previously, rupee had hit all-time low of 61.80 on August 6.

The rupee had lost 24 paise to close at an all-time low of 61.43 against he US currency in the previous session on Wednesday after July inflation rose to a five-month high. Forex market remained closed yesterday on account of Independence Day.

Meanwhile, the BSE benchmark index Sensex has fallen by 769 points to 18,598 .

First Published: Friday, August 16, 2013 - 10:03
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