Bloomberg News

India’s Rupee Weakens Past 54 a Dollar to Record Low

December 14, 2011

Dec. 15 (Bloomberg) -- India’s rupee dropped past 54 a dollar to a record low on concern Europe’s debt crisis is slowing the nation’s economic growth.

The currency fell 0.9 percent to 54.1825 per dollar as of 9:02 a.m. in Mumbai, according to data compiled by Bloomberg.

To contact the editor responsible for this story: V Ramakrishnan at rvenkatarama@bloomberg.net


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