Indian Rupee weakened for third day on Speculation for the foreign currency to meet month end payments. Currency declined as Indian Oil Corporation may have stepped up for dollar purchase to pay crude Oil imports after the price of commodity gained 4% this month. Some Banks have sold the rupee after it fell in the NDF Market. Rupee is a bit weaker today because of Month end dollar demand from importers. Rupee lost 0.3% to 48.87
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