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Rupee falls to 23-month low of 65/USD; China weaken Yuan for third day

Updated: Aug 13, 2015 03:05:35pm
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New Delhi, Aug 13 (KNN) Fallling for the seventh consecutive trading session, Rupee depreciated 33 paise against the US dollar in trade on Thursday declining to as low as 65.10 to the dollar, weakest since September 2013.

The currency had appreciated as much as 12 paise in the early trade, but it could not hold gains as the session progressed. Rupee had tumbled 104 paise, or 1.63 per cent, in the preceding six trading days.

Meanwhile, China weakened its currency for the third consecutive day today. The central bank devalued the reference rate for the yuan -- also known as the renminbi (RMB) -- by 1.11 percent to 6.4010 yuan for USD 1, the China Foreign Exchange Trade System said, from the previous day's 6.3306. (KNN Bureau)

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