Despite net inflows from foreign institutional investors (FII), the rupee continued to slide and was down 25 paise at Rs 50.60 per dollar.
This is for the fifth day in a row that the rupee has lost ground against the dollar. Marketmen are a little perturbed on the fall of the rupee considering that there have been no outflows from FIIs. They are a little worried that should outflows from FIIs begin the rupee might go into a tailspin.
They attribute the persistent fall in the rupee to dollar buying from crude importers.
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