Rupee breaks 3-day rising streak, plunges 43 paise to 67.86
Updated : May 29, 2018 07:42 PM IST
Deepening political crisis in Italy, the euro zone's third biggest economy, provoked selling of Italian assets and the euro that was reminiscent of the euro zone debt crisis of 2010-2012.
A sharp sell-off in domestic stock market also largely led to weaker rupee sentiment.
The Indian currency was given some reprieve after plunging to a fresh 18-month low of 68.42 last week, staging an impressive recovery fuelled by a sudden crash in global crude prices.
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