The Indian rupee today fell sharply against the US dollar, tracking a decline in other Asian currencies. The rupee fell to 76.36 at day's low, after opening at 75.81.

The rupee settled at 76.34 per dollar. In comparison, the rupee had closed at 75.63 in the previous session. Higher crude prices and weak global risk appetite also weighed on the rupee.

Indian stock markets slipped into the red today after opening on a bullish note. The Sensex was down about 200 points after jumping over 1000 points in early trade.

Oil rebounded today to above $32 per barrel after a two-day fall, lifted by hopes that a meeting between OPEC member as and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the

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Rupee slumps to near record low against US dollar

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