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The rupee tumbled 42 paise to settle at 91.50 (provisional) against the US dollar on Monday, as escalating US and Israeli strikes on Iran heightened global risk aversion, driving up crude oil prices and boosting demand for the American currency.
Forex traders said heavy selling in domestic equity markets along with sustained foreign fund outflows further weighed on the local unit.
In the interbank foreign exchange market, the rupee opened at 91.23 and slipped to an intraday low of 91.65 against the greenback before ending the session at 91.50 (provisional), marking a sharp decline of 42 paise from its previous close.
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