Arbitrage Match - Worldnews Network

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Thursday, 29 July 2010

Rupee drops to 2-month low on arbitrage

Text: MUMBAI: The Indian rupee dropped sharply to two-month lows on Tuesday as banks bought dollars in the spot market to arbitrage offshore, while shares shed nearly 3 percent, sparking fears of further foreign fund outflows. The partially convertible rupee...

Full Story: The Times of India

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