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Rupee hits 2-month low of 62.55 against US dollar

Last Updated: Monday, March 9, 2015, 18:36

The Indian rupee Monday fell to two-month low and closed with a sharp 39 paise loss at 62.55 against the US dollar after better-than-expected jobs data spurred expectations of an early hike in US interest rates.

Black Monday: Sensex, Nifty fall most in over 2 months on US rate fears

Last Updated: Monday, March 9, 2015, 16:49

Indian stocks fell the most in over two months Monday with benchmark Sensex tanking 604 points to 28,844.78 and Nifty index tumbling 181 points to 8,756.75 on massive selling in line with global markets on fears of an earlier-than-expected US interest rate hike.