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INR crashes beyond 84.30 per US dollar
Indian Rupee slumped today as a slide above 84 per US dollar mark extended following heavy surge in the US dollar index. Dollar index spiked to 105 mark, hitting highest in four months as preliminary numbers showed Republican candidate Donald Trump winning the presidential race. INR recorded one of the worst daily outings and lost 22 paise to test a record low of 84.31 per US dollar. Meanwhile, local equities spiked on firm global cues. The S&P BSE Sensex surged 901.50 points or 1.13% to 80,378.13. The Nifty 50 index jumped 270.75 points or 1.12% to 24,484.05.
