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Saturday, September 06, 2008

Rupee falls


Ends at 44.645/655

Rupee fell to its weakest since Dec. 2006 on Friday as dollar demand from corporates and share market losses weighed on sentiment, although suspected central bank intervention saw it end off its lows.

Rupee ended at 44.645/655 per dollar, 0.66 percent weaker than its previous close of 44.35/36 per dollar, to be down 11.7 percent so far this year.