Rupee sinks 30 paise on US rate hike worries, crude spike
The rupee today sank 30 paise to close below the 70-mark against the US currency due to renewed worries about a hike in US interest rates amid global trade war jitters.The domestic currency ended at 70.11 per dollar, a loss of 30 paise or 0.43 per cent over the previous close. In day trade, the rupee had crumbled to a session low of 70.17 per dollar.The rupee suffered its the biggest single-day drop in past one week, snapping a two-straight session recovery trend.Forex sentiment wobbled with a resurgent dollar as…
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