The Indian rupee dropped to two-week low by slipping 31 paise to 50.70 against the dollar in the late morning trade on sustained demand for the American currency from banks and importers.
The rupee resumed lower at 50.50/51 per dollar at the Interbank Foreign Exchange (Forex) market as against the last closing level of 50.39/40 per dollar and declined further to 50.70, before quoting at 50.61/62 per dollar at 1030 hrs.
From: http://ping.fm/PWJYk
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