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Wednesday February 18, 03:20 PM
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Rupee falls to 2-month low past 50/dlr
MUMBAI (Reuters) - The rupee fell to its weakest in more than two months on Wednesday, beyond 50 per dollar as banks bought dollars to arbitrage in the offshore non-deliverable forwards, putting pressure on spot rates.
At 3:05 p.m., the partially convertible rupee was at 50.01/02, its lowest since Dec. 3 and weaker than its previous close of 49.67/68.