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Rupee suffers setback

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Capital Market

At 58.85/86 per dollar

Rupee opened lower on Wednesday (21 May 2014) at 58.85/86 per dollar, against its previous close of 58.63/64 per dollar on Tuesday. The drop is due to importers, especially oil companies stepping in to buy dollars.

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First Published: May 21 2014 | 11:06 AM IST

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