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Concerns for Indian economy rise as rupee dips to record low

India’s rupee hit a record low against the dollar on Wednesday and stocks fell nearly 2 percent, as uncertainty over the eurozone debt crisis and weak domestic indicators hit Asia’s third-largest economy. Traders said they expected the rupee to fall further in coming days with risk aversion hitting global markets and sentiment souring about India because of its ballooning fiscal deficit, slowing economy and political logjam.