Rupee plunges 31 paise to nearly 1-month low on trade worries
The rupee on Tuesday dived 31 paise to end at a nearly one-month low against the US currency due to heavy dollar buying amid fresh concerns over the progress of China-US trade talks.Crude oil prices dropping more than half a per cent and gains in the equity markets, however, helped the local unit contain losses.The rupee closed at 71.54 to the dollar, down by 31 paise or 0.44 per cent — the biggest one day loss in this month. This is the lowest closing level since September 17 when the…
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