Friday, May 18, 2012

Rupee slide continues, falls to 54.76 against dollar

The rupee fell to a record low against the dollar for the third consecutive day on Friday as risk aversion made a strong comeback with Asian stocks showing deep cuts and euro falling to a four-month low.

The rupee was last trading at 54.76, breaching its previous all-time low of 54.60 hit on Thursday.

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