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Rupee falters as U.S. jobs spark risk aversion

Discussion in 'World Economy' started by layman, Jul 9, 2012.

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  1. layman

    layman Aurignacian STAR MEMBER

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    (Reuters) - The rupee fell on Monday, headed early for a fourth straight session of losses against the dollar, as global risk assets were pummelled after tepid U.S. jobs growth data.

    At 9.02 a.m., the rupee was at 55.85/87 to the dollar versus its 55.42/43 Friday close.
     
  2. Himanshu Pandey

    Himanshu Pandey Don't get mad, get even. STAR MEMBER

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    Until we announce new policies this is going to happen as a lot of Investors are pulling their money out which reduces the $ and increases the price... it is helping corrupt in shifting their black money too... that's why there is no policy till now even when all the international organizations are warning for some.
     
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