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The rupee sank 27 paise to close at a one-week low of 68.70 against the US dollar on Thursday amid a ratcheting up of global trade war rhetoric. Earlier, the rupee resumed higher at 68.37 against Wednesday’s close of 68.43 at the interbank forex market. It later strengthened to a fresh one-month high of 68.26 on heavy dollar unwinding, well supported by falling crude prices. However, forex market sentiment took a sudden U-turn in mid-afternoon deals, largely tracking global volatility. The rupee plummeted to hit a low of 68.72 before finally ending the day at 68.70, showing a steep loss of 27 paise, or 0.39 per cent.
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