Rupee slumps 37 paise to close at 15-month low of 75.36 against U.S. dollar
The Hindu
The Indian currency for the first time this year settled below the 75 level
The rupee tumbled by 37 paise close at a 15-month low of 75.36 against the U.S. dollar on Monday as rising crude oil prices and a stronger American currency in the overseas market weighed on investor sentiment.
The Indian currency for the first time this year settled below the 75 level. The unit had closed at 74.99 on Friday.
At the interbank foreign exchange market, the local currency opened lower at 75.11 and witnessed an intra-day high of 75.06 and a low of 75.39 against the U.S. dollar in day trade.
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