INSUBCONTINENT EXCLUSIVE:
The rupee is down more than 14% against the dollar so far this year
The rupee closed 39 paise lower
against the dollar on Monday, as crude oil rose and the dollar rose overseas
The rupee moved lower against the American currency after top crude oil producer Saudi Arabia's announcement of its plans to reduce output
pushed the global oil rate higher
The rupee slipped below the 73 mark against the dollar in intraday trade, before ending the day with a loss of around 0.5 per cent
At 72.89 against the greenback, the rupee is down more than 14 per cent so far this year
