The rupee fell to near 1-week high on talk of continued defence buying, said dealers. Outflows related to large petrochemical firm also doing rounds, said dealers. The rupee fell to 54.16, the lowest since May 1 and is currently at 54.13/14, versus its close of 53.935/945 on Friday. Dealers are also outwatching for inflows related to Qatar picking up a stake in Bharti AirtelBSE 0.72 % for $1.26 billion.

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