Rupee falls 111 paise against dollar after Urjit Patel's exit
The Indian rupee fell as much as 111 paise against the US dollar on Tuesday after the abrupt resignation of RBI Governor Urjit Patel on Monday. The rupee touched a low of 72.44 before paring some of its losses to end at 71.87. Patel quit citing "personal reasons" nine months before the end of his three-year term as Governor.