The rupee plunged 32 paise against the US dollar to a one-month low of 65.59 on fresh demand for the American currency from banks and importers amid persistent fall in equity markets coupled with strong foreign capital outflows. The domestic unit opened lower at 65.39 against last Friday’s close of 65.27 and dropped further to 65.62 before ending at 65.59, a loss of 0.49 per cent. Intraday, it hovered in the 65.36-65.62 range. The local currency had last ended at 65.59 on September 29, 2015.

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