Rupee tumbles

KARACHI, May 20: The rupee slumped to a record closing low against the dollar on Tuesday as oil importers bought the US currency to meet record high crude prices.

The rupee was quoted at 69.60/90 to the dollar at the close, compared with 69.25/50 on Monday. It surpassed the previous record closing low of 69.40/60 on May 9.—Reuters

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