Rupee tanks 28 paise to 65.02/$

The rupee’s six-session uninterruptedbull run cametoahalton Tuesday after it tumbled by a sharp28paise to close at 65.02adollar on fresh bouts of demand for the American currency amid renewed Fed rate hike fears. Sustained capital outflows and an overwhelmingly bullish dollar against major currencies predominantly weighed on the local forex sentiment. The rupee came under pressure following a sudden reversal in dollar movement over season rising Treasury yields alongwith speculation that President Donald Trump might favour a monetary “hawk” as successor to Federal Reserve Chair Janet Yellen.