Thu, Jul 3 12:22 PM
Mumbai, July 3 (PTI) The Indian rupee tumbled after the overnight sharp recovery against the greenback and was quoted 17 paise down at 43.32 a dollar in late morning trade as equity markets turned weak amid a fresh spurt in global oil prices. At the Interbank Foreign Exchange (forex) market, the local currency resumed substantially at 43.29/31 per dollar from its yesterday's close of 43.15/17 per dollar and later dropped to 43.32/33 per dollar in late morning deals.
Dealers said a sharp fall in local stocks and soaring oil prices weighed on the rupee sentiment. Global crude oil prices hit a new record high at 145.01 dollars a barrel in Asian trade this morning.
Indian benchmark Sensex nosedived by 558 points or 4.09 per cent in the initial thirty minutes of trading. PTI.
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