Rupee plunges to Rs 39.68/USD
Mumbai,
Oct
17
2007:
Shares
plunged
more
than
9
percent
and
the
rupee
tumbled
to
its
lowest
in
almost
a
month
today,
after
the
stock
market
regulator
proposed
curbs
on
foreign
portfolio
inflows
to
slam
the
brakes
on
record-breaking
markets.
Share trading was suspended for an hour immediately after opening as the main indexes' slide triggered circuit breakers, and the rupee retreated after a recent run up to 9-' year highs against the dollar.
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Story first published: Saturday, October 20, 2007, 16:19 [IST]