The rupee fell to a new record low versus the US dollar on Wednesday, as investors dumped the Indian. The currency dropped 1.5% on Monday and 0.7% on Tuesday. It is down ~16-17% against the dollar so far in 2011 and has lost more than 20% since the start of August. The rupee was trading at 53.70 per dollar after being as low as 53.76. It opened at day's high of 53.
Wednesday 14 December 2011
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