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Tuesday, May 29, 2012

Rupee weakens after 3-day rally, down 49 paise vs dollar

After three days of relief rally, the rupee today came under pressure touching a low of 55.88 on heavy month-end dollar buying by oil companies amid the US dollar gaining strength globally but RBI intervention helped the domestic currency finally close 49 paise lower at 55.67.

From: http://ping.fm/MVwTq

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