Indian rupee falls past 96 per dollar
The Indian rupee declined past the 96 per dollar level to hit a two-month low as surging oil prices and foreign capital outflows pressured the local currency. Higher energy costs and inflation concerns also dragged down regional and Mumbai equities.
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The India rupee fell past 96 per dollar on Tuesday morning to touch a two-month low, dropping nearly 0.2% on the day. The decline came as rising energy costs deepened worries for the energy-importing economy and accelerated capital flight.
