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Monday, March 9, 2009

Pakistan rupee hits record low on oil, equity worries


The Pakistan rupee fell 1 percent to a record closing low on Monday and dealers said it could fall further this week on dollar buying by oil importers and concern that capital outflows will result from a falling stock market.
The rupee ended at a record low close of 65.76/81 to the dollar, having fallen to a life low of 65.93/66.03 during trade, down from its previous record closing low of 65.12/14 on Saturday.

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