Reuters: Money News: Rupee drops for 2nd consecutive year; seen gaining in 2013

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Rupee drops for 2nd consecutive year; seen gaining in 2013 Dec 31st 2012, 12:03 MUMBAI (Reuters) - The rupee fell due to oil-related dollar demand on Monday, ending 2012 with its second consecutive yearly fall, weighed down by a wide current account gap, the slow pace of financial reforms, and economic uncertainty at home and abroad.

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