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Friday, October 3, 2008

India Rupee Falls to Five-Year Low as Capital Outflows Escalate

India's rupee slumped to the lowest since 2003 as Asian stocks headed for the worst week in 13 months, adding to speculation investors will take money out the region.

The rupee fell as much as 1.4 percent to 47.295 per dollar, the lowest since May 2003, before trading at 47.16

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 24
19:30 Fed's Chair Powell testifies 3
19:30 Consumer Confidence 2
21:20 BoE's Breeden speech 2
22:00 Fed's Williams speech 2
22:30 2-Year Note Auction 1 3.786% 3.955%
23:15 Fed's Kashkari speech 2
23:30 Fed's Barr speech 2
Wednesday, Jun 25
02:00 API Weekly Crude Oil Stock 1 -10.133M
04:15 Trade Balance NZD (MoM) 1 $1,060M $1,426M
04:15 Imports 2 $6.42B
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