rupee
Extending its fall for the eighth straight session, the rupee on Monday depreciated by another five paise to end at 67.49 to a dollar on sustained demand for the US currency from banks and importers.
A massive outflow of foreign funds on the back of stricter participatory notes (P-Notes) regime and renewed possibility of the Federal Reserve lifting US interest rates as early as June along with sluggish domestic equities largely impacted the domestic unit.
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Published on May 23, 2016
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