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The Indian rupee weakened past 43 per dollar to a one-month low on Monday after oil hit a record above $143 a barrel and the local share market shed 2.5 percent on its way to posting its biggest monthly fall in 16 years. The partially convertible rupee fell as far as 43.1150 per dollar, its lowest since May 22 when it hit a 13-month low of 43.21.
The rupee ended at 43.0250/03, down 0.3 percent from Friday's close of 42.875/885 and taking its losses in 2008 to 8.4 percent.

Copyright Reuters, 2008

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