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  • Rupee drops 2 week low at 50.70 against dollar

    Published on March 21, 2012

    Mumbai : The rupee dropped to two-week low by slipping 31 paise to 50 rupees 70 paise against the dollar in the late morning trade on sustained demand for the American currency from banks and importers.

    A forex dealer said persistent dollar demand from banks and importers in view of strong dollar in the international market mainly affected the rupee value against the US currency.

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