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The Indian rupee dropped further by 14 paise to 44.90 per US dollar on sustained dollar demand from banks and corporates despite weakness of the dollar in overseas market.

India will still have a relatively young population even by 2050. Its labour force will continue to grow, before reaching nearly one billion workers by 2050.
Making a case for hiking oil prices, the Reserve Bank on Monday said delay in adjustments with global prices could pose a threat to government finances.
Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 54,174.40 crore, while they sold equities amounting to Rs 46,961.10 crore.
The Indian currency closed 21 paise higher at Rs 44.22/23 against the dollar in Friday's trade due to fresh selling of the greenback by banks and exporters.
During 2010-11, Indian merchandise drew demand from western economies, Latin America and Africa. The trade deficit for 2010-11 stood at $104.82 billion.
Forex dealers said dollar weakness against major currencies, including the euro, after the US Federal Reserve held key rates steady kept the sentiment firm.