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India's rupee hits a record low of 60 to the dollar

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(Globalpost/GlobalPost)

India's rupee touched a record low of more than 60 to the dollar on Wednesday as overseas funds continue to pull out money from emerging markets.

The rupee slid past its previous low of 59.98 against the dollar to hit 60.2.

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http://www.globalpost.com/dispatch/news/afp/130626/indias-rupee-hits-record-low-60-the-dollar