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Rupee crashes 68 paise to 64.72 a dollar on early Gujarat election trends

The rupee had gained 30 paise to close at a fresh three-month high of 64.04 on Friday against the dollar

Press Trust of India  |  Mumbai 

Rupee, NPS, National Pension System
Rupee, NPS, National Pension System

The plunged 68 paise to 64.72 against the on Monday after early trends suggested that the BJP and the are neck and neck in sweepstakes after one hour of counting of votes.

The is leading in 7 seats while the BJP is leading in 6 in the polls as early trends poured in.

Besides, the American currency's strength against other currencies overseas weighed on the domestic unit, traders said. Meanwhile, US President Donald Trump's much-hyped tax cuts moved a step closer to reality.

The had gained 30 paise to close at a fresh three-month high of 64.04 on Friday against the after all exit polls had suggested that the BJP would retain Gujarat and return to power in Himachal Pradesh.

The Sensex tumbled 867.34 points, or 2.59 per cent, to 32,595.63 and Nifty slumped 258.45 points, or 2.50 per cent, to 10,074.80 in early trade.

First Published: Mon, December 18 2017. 10:32 IST
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