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Rupee sinks 109 paise, worst in Asia; RBI intervenes to reduce volatility

Rupee may breach 76/$ if geopolitical tensions persist

Rupee falls
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The rupee fell 1.4 per cent against the greenback, or 109 paise.

Manojit Saha Mumbai
The rupee tumbled the most in eight months on Thursday as the dollar strengthened against major global currencies after Russia invaded Ukraine, sending crude oil prices over $100 per barrel.

Several banks started buying dollars on behalf of oil-marketing companies as Brent crude surged past the $100-mark, further weighing down the Indian currency. The rupee fell 1.4 per cent against the greenback, or 109 paise. The currency closed the day at 75.65 to a dollar - its lowest since December 20, 2021.

“The rupee fell sharply in Thursday's session as tensions between Russia and Ukraine reached boiling point. Reports of Russia invading

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First Published: Feb 25 2022 | 1:49 AM IST

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