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Indian Rupee snaps eight-day rally on rising oil

The Indian rupee fell 0.4% to 94.8175 per dollar, ending an eight-session winning streak as Brent crude prices surged to their highest level since May due to Middle East conflict concerns. India imports most of its oil, leaving the currency vulnerable.

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Indian Rupee notes are seen in this picture illustration taken in Mumbai June 12, 2013. The government may unveil measures on Wednesday or Thursday to boost capital inflows into the country, as the rupee hovers around record-low levels, a source familiar with the development said. REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS)

India's rupee fell 0.4% to 94.8175 per dollar on Thursday as Brent Crude Oil rose 3.3% to $112.40 per barrel.
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