Rupee falls 43 paise against dollar as crude reclaims $80-mark

The rupee struggled to make headway after a two-day climb and backtracked to end sharply lower by 43 paise to 72.63 against the US dollar after crude prices soared ahead of impending US sanctions on Iran. Reversing its recovery momentum, the rupee opened lower at 72.47 from weekend close of 72.20 at the inter-bank foreign exchange (forex) market.