The rupee on Tuesday slid by 30 paise to close at 76.83 against the US currency due to forex outflows and strengthening of the dollar in overseas markets.
Investors rushed to safe-haven bet US dollar due to market uncertainty after oil prices slumped into negative territory in US markets hit by weak demand after coronavirus-related lockdowns, traders said.
The rupee opened weak at 76.79 at the interbank forex market and during the day lost further ground and finally settled at 76.83, down 30 paise over its last close. The rupee had settled at 76.53 against the US dollar on Monday.
During the session,