The Indian rupee slumped 31 paise to close at 76.15 (provisional) against the US dollar on Monday as rising crude oil prices and a lacklustre trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 76.08 against the American currency, then lost further ground on broad US dollar strength. The WTI Crude oil futures have scaled up further after breaking above $100 per barrel mark and currently quote at $112 per barrel, up more than 2%. This is likely to weigh on the INR.
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