MUMBAI: The Indian Rupee plunged consecutively for the second day by 10 paise to 82.66 against the US dollar on Tuesday amid a rise in crude oil prices and unabated foreign fund outflows from the domestic equity market.
At the interbank foreign exchange, the local unit opened strong at 82.54 against the dollar. During the day, it went as high as 82.53 and hit the lowest level of 82.70. It finally settled at 82.66 (provisional) against the American currency, registering a fall of 10 paise against its previous close.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.02 per cent higher at 103.30. Global oil benchmark Brent crude futures rose by 0.98 per cent to USD 74.51 per barrel.
Gold and Silver prices plunged by Rs 470 to Rs 59,480 per 10 grams and declined Rs 420 to Rs 68,550 per kilogram respectively.