Rupee Takes a Tumble as Dollar Flexes Its Muscles

In a surprising twist, the rupee slipped 6 paise to 94.69 against the dollar on Tuesday morning. With the dollar flexing its muscles and some foreign investors bailing out, the rupee is expected to bounce between 94.20 and 94.90 today. Luckily, falling crude oil prices are keeping it from a total nosedive!