The Indian rupee plaunged against the US dollar on Friday to cross the 57-mark, after risk assets were hit by heightened concerns about the world economy. Broad gains in the dollar versus major currencies on the back of global risk aversion and weakness in domestic shares weighed on the rupee. Dollar buying from oil firms and gold importers added to the downward pressure, traders said.At 12:44, the rupee was at 57.28 to the dollar, down by 1.74 per cent from Thursday's close, after hitting a new all-time low of 57.33/$. It had opened at 56.80 to the dollar, weaker than Thursday’s close.
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