Rupee plunges to 19-month low of 68.67 against US dollar
The Indian rupee on Wednesday touched a 19-month low of 68.67 against the US dollar and closed at 68.63. The rupee has depreciated over 7% since the start of the year over concerns that higher crude oil prices will widen India's current account deficit. Notably, the currency hit an all-time intraday low of 68.8625 on November 24, 2016.