Rupee slumps 30 paise to 74.58 against US dollar

Updated: few hours ago

Mumbai, Jan 4 (PTI) Snapping its three-session rising streak, the rupee tumbled 30 paise to close at 74.58 against the US dollar on Tuesday amid elevated crude oil prices and a strong greenback overseas.

Forex traders said growing concerns over the Omicron variant of the coronavirus and its impact on economic recovery weighed on the local unit.

At the interbank foreign exchange market, the local currency opened at 74.49 and witnessed an intra-day high of 74.46 and a low of 74.61 against the US dollar.