Monday, November 12, 2012

Rupee falls to two-month low, touches 55 per dollar on trade deficit concerns

The rupee fell to a two-month low on Monday, touching 55 to the dollar, after data showed India's trade deficit widened in October
. The data raised concerns about the current account deficit.
The rupee was trading at 54.91/92 to the dollar as of 12:11 pm after briefly touching 55, a level last seen on September 13, 2012.
It had last closed at 54.75/76 on Friday.

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