Rupee Hits One-Week Low on Rising Oil Prices
The Indian rupee slipped to a one-week low as surging oil prices impacted regional currencies. State-run bank dollar sales curbed deeper losses, keeping the currency near the 96 per dollar level.
Xurve View
Insights:
Xurve View
India's rupee dropped to a one-week low on Monday afternoon as Brent Crude Oil surged nearly 4% to $108.2 per barrel. The currency fell 0.2% to settle at 95.9825 per dollar. State-run banks intervened with dollar sales to cap losses.
