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Rupee weakens below 65.50/dollar to lowest since September 2013

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Reuters MUMBAI
Last Updated : Aug 20 2015 | 3:57 PM IST

MUMBAI (Reuters) - The rupee fell to as low as 65.50 to the dollar on Thursday, its lowest since September 2013, tracking losses in Asian currencies after a slump in Chinese equities reinforced concerns about the world's second-largest economy.

The rupee was at 65.4750/4800 at 03.33 pm (1003 GMT), compared with its close of 65.2650/2750.

The Shanghai Composite Index lost 3.4 percent, in a new stumble that underscored fragile investor confidence in the market and pushed emerging Asian currencies lower.

(Reporting by Rafael Nam; Editing by Subhranshu Sahu)

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First Published: Aug 20 2015 | 3:47 PM IST

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