Rupee at 72 per dollar hits lowest level since December

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The Indian rupee opened lower by 10 paise at 71.91 per US dollar on Friday as compared to its previous close of 71.81 against the greenback.

At 9:20 am, the rupee traded at 72.04 per dollar, its weakest level since December 14 last year.

A day earlier, the Indian currency fell by 26 paise due to weak equities and sustained foreign fund outflows.

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Mounting concerns over falling economic growth besides continuing turmoil in the banking and financial sectors too weighed on the sentiment.

Amid worsening of US-China trade tensions, the Chinese yuan and almost all other Asian currencies traded weaker against the dollar.

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