Rupee closes at lifetime low of 71.58 against US dollar
The Indian rupee tanked 37 paise to close at a lifetime low of 71.58 against the US dollar on Tuesday. The rupee opened lower at 71.24 from the previous close of 71.21 at the inter-bank foreign exchange market. The domestic currency has been under pressure in recent past against the backdrop of surging global crude prices and sustained capital outflows. 