Rupee weakens past 43.7 per dollar to 17-month low

The rupee fell to its lowest level against the US dollar in 17 months on Wednesday, weighed down by worries of capital outflow due to recent losses in the stock markets. At 9:02 am, the partially convertible rupee was at 43.70/71 per dollar, a level it last tested on March 29, 2007, down 0.25 percent from Monday's close of 43.59/60. Markets were closed on Friday and Tuesday for holidays .

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