India’s Rupee Declines on Speculation Importers Bought Dollars
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India’s rupee declined the most in three days on speculation importers stepped up dollar purchases to pay month-end bills.
The currency weakened 0.2 percent to close at 61.9175 per dollar in Mumbai, according to prices from local banks compiled by Bloomberg. The rupee also fell after the Bloomberg Dollar Spot Index, which tracks the greenback against 10 major peers, rose 0.1 percent.