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  Rupee falls in afternoon trade
  28 August 2008 15:06:58
   
  India rupee fell again in the red in afternoon trade Thursday as oil refiners scaled up dollar purchases to meet month-end import commitments.

At 1:50 pm, the partially convertible rupee was at 43.78/79 per dollar, weaker than Wednesday's close of 43.71/72.

However, but a steeper fall was curbed by expectations of the RBI intervention. The RBI intervened in the market after the rupee fell to 44.26 on Tuesday and helped it recover some of its losses.

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