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Rupee slumps against US dollar, back near 76 per USD
Indian rupee fell sharply today amid broad weakness in other currencies and a big selloff in domestic equities. After opening at 75.71 per US dollar, the rupee to 75.81 at day's low. In comparison, the rupee had closed at 75.10 per dollar in the previous session. Forex market was closed on Friday on account of Maharashtra Day. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.38% to 99.47.