Rupee slumps 87 paise against US dollar to close at 73.38

At the interbank forex market, the local unit opened at 72.85 against the greenback and traded in the range of 72.77-73.47 during the day.

Mumbai: The rupee slumped by 87 paise to close at 73.38 (provisional) against the US currency on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment. At the interbank forex market, the local unit opened at 72.85 against the greenback and traded in the range of 72.77-73.47 during the day.

The rupee finally ended at 73.38 against the American currency, registering a fall of 87 paise over its previous closing. On Friday, the rupee had settled at 72.51 against the American currency.

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Meanwhile equity benchmark Sensex rallied 1,128 points on Tuesday, tracking gains in index majors HDFC twins, Infosys and Reliance Industries. The 30-share BSE index ended 1,128.08 points or 2.30 per cent higher at 50,136.58, and the broader NSE Nifty surged 337.80 points or 2.33 per cent to 14,845.10.

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