Monday, October 22, 2007

Re slips anticipating capital outflows

MUMBAI: The rupee slipped in early deals on Monday as dealers sold the unit on concerns some overseas investors would pull funds out of the stock market, which is expected to trade weaker for the fourth day in a row.

At 9:02 a.m. (0332 GMT) the partially convertible rupee was at 39.90 per dollar, lower than Friday's close of 39.73/74.

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