The rupee depreciated about 10% this year as the dollar gained strength against all major currencies, triggering the risks of large capital outflows from the emerging economies which can have a destabilising effect on trade and finance. The rupee closed Tuesday at 82.73 against the dollar as compared with the 73.8 level in early January.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.