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Rupee slips by 30 paise to 71.27 against US Dollar in early trade

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(G.N.S) Dt. 08 Mumbai The rupee falls by 30 paise to Rs 71.27 per US dollar in early trade on Friday after Moody’s negatively capped India’s ranking scenario citing weak economic growth. Currency traders said that the initial fall in the domestic stock market also put pressure on the rupee. However, continued investment of foreign capital and softening of crude oil prices attempted to mitigate the decline in local currency.

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