Hole in fender under battery tray

All of mine have it- and it's a punched hole, not a rust hole.
Early A:
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Later A:

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You're right! I never noticed this being a drain hole, but I did think it was kind of strange having such a large hole for a speed clip. These are from my 73 Duster. Never noticed the drain hole in the battery tray either. Never too old & always learning stuff.

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