Rupee closes at a fresh lifetime low of 74.39 against dollar
The Indian rupee fell 32 paise to close at a fresh lifetime low of 74.39 against the dollar on Tuesday. The local currency marked its sixth straight session of decline amid concerns over rising crude oil prices, widening current account deficit and foreign fund outflows. India, the world's third-largest oil importer, depends on foreign markets for 80% of oil needs.