Rupee falls to near 1-month low

Rupee fell to its lowest in nearly a month on Thursday as a continued slump in local stocks led to fears that foreign fund inflows may dry up in the near term.

Rupee ended at 54.87/88 per dollar versus 54.43/44 on Wednesday and was down 0.8 percent, recording its biggest single-day fall since 01 March 2013.

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