Rupee weakens to 10 month low on broad dollar strength

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Reuters MUMBAI
Last Updated : May 29 2013 | 12:47 PM IST

MUMBAI (Reuters) - The rupee weakened to its lowest in 10 months on Wednesday tracking broad dollar gains versus global and Asian currencies.

The partially convertible rupee was trading at 56.22/23 per dollar as of 11.24 am, its weakest since July 25, 2012, and weaker than its 55.9550/9650 close on Tuesday.

The index of the dollar against six major currencies was up 0.3 percent, while the BSE Sensex was down 0.3 percent.

(Reporting by Swati Bhat; Editing by Rafael Nam)

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First Published: May 29 2013 | 12:34 PM IST

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