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Rupee race on 17th june 2009

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The Rupee dropped to a one-month low against the dollar on Wednesday on concern the global economic recovery is stalling and the speculation that foreign investors will cut their local shares. The currency fell 0.8%, or 39 paise, to 48.13 per dollar. It is the worst performer this month among the 10 most traded Asian currencies outside of Japan with a 2.2% loss.
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