Rupee plummets 54 paise to close at 74.98 against U.S. dollar
The Hindu
On October 5, the rupee had settled at 74.44 against the U.S. dollar
The rupee tumbled 54 paise to close at 74.98 (provisional) against the U.S. dollar on October 6 as a stronger greenback against key rivals and rising crude oil prices weighed on investor sentiment.
At the interbank foreign exchange market, the local currency opened at 74.63 and witnessed an intra-day high of 74.54 and a low of 74.99 against the U.S. dollar in day trade.
The local unit finally settled at 74.98 a dollar, down 54 paise over its previous close.
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