Rupee plunges to Rs 39.68/USD

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Mumbai, Oct 17 2007: Shares plunged more than 9 percent and the rupee tumbled to its lowest in almost a month today, after the stock market regulator proposed curbs on foreign portfolio inflows to slam the brakes on record-breaking markets.

Share trading was suspended for an hour immediately after opening as the main indexes' slide triggered circuit breakers, and the rupee retreated after a recent run up to 9-' year highs against the dollar.

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