Mumbai : The rupee tumbled by 62 paise to close at almost 11-week low of 51
At the Interbank Foreign Exchange or Forex market, the domestic unit opened sharply lower at 51 rupees 4 paise a dollar from previous close of 50 rupees 78 paise.
It soon touched a high of 50 rupees 98 paise. However, sluggish stocks amid heavy dollar demand from importers, mainly oil importers, to meet their month-end requirements later weighed on the rupee and it fell back sharply.