Buying in Dollar weakened the Indian Rupee most in four weeks. The Indian Currency slid in tandem with emerging market currencies across Asia.
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The rupee looks set for a modest weakening toady as importers may increase dollar purchases said by Roy Paul Assistant Manager of treasury at Federal Bank Ltd in Mumbai. The rupee fell 0.3% to 46.57 per dollar. Offshore contracts indicate bets the rupee will trade at 46.61 to the dollar in a month.
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