Mumbai, Oct. 27 -- The Indian rupee plunged 43 paise to close at a near two-week low of 88.26 (provisional) against the US dollar on Monday, as broad strength in crude oil prices and month-end dollar demand from importers weighed on investor sentiment. Rally in crude oil prices was driven by a potential US-China trade deal, which supports expectations for a stronger global oil demand. At the interbank foreign exchange, the rupee opened at 87.87 against the greenback and fell to an intra-day low of 88.31 and a high of 87.86. It finally closed the day at 88.26 (provisional) against the greenback, down 43 paise from its previous close. Meanwhile, Indian shares rose notably on Monday as softer-than-expected U.S. inflation report raised hopes ...
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