RUPEE EASES TO NEAR 3-MONTH LOW
Date: 11/04/2012
The rupee fell to its weakest in nearly three months on Wednesday as investors pruned riskier holdings on jitters over global growth prospects.
Fell (0334 GMT), the rupee was at 51.6325 to the dollar, after hitting 51.64, a level not seen since Jan. 16. It closed at 51.475/485 on Tuesday.
A jump in Spanish bond yields exacerbated concerns about the fragility of peripheral euro zone economies, while disappointing imports from China kept alive worries about a hard economic landing in the world's second biggest economy.
Fell (0334 GMT), the rupee was at 51.6325 to the dollar, after hitting 51.64, a level not seen since Jan. 16. It closed at 51.475/485 on Tuesday.
A jump in Spanish bond yields exacerbated concerns about the fragility of peripheral euro zone economies, while disappointing imports from China kept alive worries about a hard economic landing in the world's second biggest economy.
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