The Indian rupee declined on July 15, 2008 (Tuesday) to a one-week low on rising global oil prices leading to deteriorating economic environment and also as Fitch (a rating agency) has lowered its local currency outlook.
The partially convertible rupee settled 0.71% down to Rs 43.23/24 a dollar, weaker than Monday`s close of Rs 42.92/93. It hit a 15-month low of Rs 43.50 early this month.
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