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Rupee sags amid jitters about looming conflicts

India-China military clash increasingly likely as standoff continues in border dispute

YUJI KURONUMA, Nikkei staff writer | China

NEW DELHI -- The Indian rupee fell to the U.S. dollar for six consecutive days earlier this month, the result of investors' moves to dump emerging currencies. The sell-off was prompted by concerns about escalating tensions between the U.S. and North Korea.

But market watchers say the rupee-selling may also reflect jitters over a potential military conflict between India and China.

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