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Monday, May 12, 2008

Rupee weakens past 42 per dollar


Ends at 42.05/06

Rupee weakened past 42 per dollar for the first time in more than a year on Monday after data showing factory output grew at its slowest in six years raised concerns about a slowdown in the economy.

Rupee ended at 42.05/06 per dollar, more than 1 percent down from Friday's close of 41.60/61. It has fallen 3.4 percent since May 2 to its lowest since April 2007.