The rupee plunged 62 paise on Tuesday to close at a nearly six-month low of 71.40 against the US dollar.
The Indian rupee has erased some of its intraday gains but trading higher by 12 paise at 71.28 per dollar against previous close 71.40.
The rupee plunged 62 paise on Tuesday to close at a nearly six-month low of 71.40 against the US dollar in line with battered equities as global market turmoil and Argentine currency crash drove investors to safe havens, said PTI.At the interbank foreign exchange, the rupee opened at 71.15 and touched a high of 71.02 and low of 71.40 against the American currency during the day, it added.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.