Rupee plunges 56 paise against dollar in early trade
The rupee on Tuesday plunged by 56 paise, or almost 1%, to trade at 58.43 against the dollar in early trade at the Interbank Foreign Exchange market due to renewed dollar demand from importers and appreciation of the US currency overseas.
The rupee dropped by 31 paise to 55.01 against the dollar in late morning trade today on fresh demand of the American currency from banks and importers.