Rupee plunges 19 paise to 67.41

Breaking its spectacular nine-day winning run, the rupee on Tuesday dived 19 paise to 67.41 against the US currency amid fresh bouts of dollar demand ahead of RBI’s sixth bi-monthly policy review meet tomorrow. The domestic currency had closed at a fresh three-month high overnight, largely outperforming several emerging market currencies since the beginning of this year. Renewed dollar demand fromimporters and corporates in the face of bullish dollar sentiment overseas predominantly added pressure on the local currency.