Rupee slumps 44 paise to close at 94.82 against U.S. dollar

The Indian rupee slumped 44 paise to provisionally close at 94.82 against the U.S. dollar on Thursday, weighed down by sluggish domestic equities and surging crude oil prices.

At the interbank foreign exchange market, the currency opened at 44.47 and touched an intra-day low of 94.94 following escalating Houthi attacks on Saudi energy infrastructure.

Meanwhile, the retail portion of Jio Platforms' initial public offering was fully subscribed within two hours of bidding on its second day.