Rupee slumps 34 paise to 72.85 against U.S. dollar in early trade
The Hindu
The forex market was closed on Monday on account of Holi.
The Indian rupee slumped 34 paise to 72.85 against the U.S. dollar in opening trade on Tuesday as rising crude oil prices and a strong American currency weighed on investor sentiment. At the interbank forex market, the domestic unit opened at 72.85 against the U.S. dollar, registering a decline of 34 paise over its previous close. On Friday, the rupee had settled at 72.51 against the American currency.
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