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Rupee slips to 49/dollar, at 7-week low

Reuters Posted: Jul 09, 2009 at 0936 hrs
Mumbai The Indian rupee dropped to its lowest level in seven weeks early on Thursday, weighed down by lower Asian stocks.

At 9:02 a.m. (0332 GMT), the partially convertible rupee was at 49 per dollar, its weakest since May 18. It had closed at 48.88/89 on Wednesday.