Concerns over slowing global growth and foreign capital outflows weighed on the local unit, forex traders said. At the interbank foreign exchange (forex) market, the rupee opened higher at 71.22 but came under selling pressure. It finally finished at 71.44 per dollar, down by 16 paise against its previous close.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2S2ZN27
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