Rupee slumps 87 paise to close at 73.38 against U.S. dollar

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 slumped by 87 paise to close at 73.38 (provisional) against the U.S. 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.