Rupee slumps 32 paise to 95.57 against US dollar in early trade

MUMBAI: (Jun 11) The rupee plunged by 32 paise to 95.57 against the US dollar in early trade on Thursday following a rise in global crude oil prices as hostilities between the US and Iran continued.

Heavy FII outflows, weak domestic equity market and a marginally stronger greenback further weighed on the local unit.

At the interbank foreign exchange market, the rupee opened at 95.55 against the US dollar before dropping further to 95.57.