Indian Rupee Falls Sharply Against The U.S. Dollar

The Indian rupee depreciated sharply against the U.S. dollar, as investors poured into the safe haven.The rupee opened at 81.38, depreciating 0.35% or 28 paise. It closed at 81.10 on Tuesday. Shortly thereafter, it further depreciated by 0.56% to 81.56.The rupee had hit a record low of 83.29 on Oct. 20.