Rupee hits seven-week low, down 38 paise Vs dollar
Dealers said besides foreign fund outflows after a meltdown in equity market, dollar gains against other Asian currencies mainly pulled down the local currency to a level last seen on January 18.
Meanwhile, the BSE benchmark Sensex lost 117.83 points, or 0.69 per cent, to 17,055.46 in early trade. The rupee had breached the 50-level mark after a gap of nearly six weeks by losing a hefty 52 paise to 50.36/37 against the dollar in yesterday.
PTI
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Story first published: Wednesday, March 7, 2012, 11:27 [IST]