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Rupee tumbles 12 paise to 66.83 against dollar on US rate hike calls

Monday, October 17, 2016 0:15
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MUMBAI: The rupee turned weak by 12 paise to 66.83 against the dollar today at the foreign exchange market after the American currency gained ground following a spurt in demand from importers. 

Dealers said strength in the dollar against some other currencies overseas on the prospects of higher US rates also weighed on the rupee, but a higher opening in the domestic equity market meant the losses were limited. 


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