On the domestic equity market front, Sensex tumbled 555.95 points to settle at 81,159.68, while the Nifty fell 166.05 points to 24,890.85.

xMumbai: The rupee moved in a tight range and slipped 1 paisa to close at a lifetime low of 88.76 against the American currency on Thursday amid a strong US dollar and weak domestic markets.Forex traders said the H1-B visa fee hike and surge in crude oil prices also pressured the rupee. Investors remained concerned over global trade uncertainties and the impact of the US visa fee hike on India's IT services exports.

However, the selling of greenbacks by exporters and reports of intervention by the RBI prevented a sharp fall in the domestic unit, they added.

At the interbank foreign exchange, the rupee opened at 88.65 against the US dollar, and witne

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