The Indian rupee Friday clocked its biggest single-day gain in over five years, surging by 100 paise to close at 72.45 against the US dollar on easing crude oil prices and possibility that the US might grant waivers to India from sanctions on Iranian oil imports.
The Indian rupee slipped to a new low of 74.27 to a US dollar during the mid-afternoon session on Tuesday. Around 1.25 p.m., the Indian rupee traded at 74.27 to a dollar -- the lowest ever against the greenback.
The #Rupee crossed the 74-mark for the first time after the RBI decided to keep key rates unchanged. The weakness continued with the rupee opening at 73.96/$, a decline of 20p from the previous close yesterday.
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