Rupee Falls to One Week Low on Oil Prices

The Indian rupee declined for a third consecutive session to reach its lowest level in over a week. Rising oil prices driven by Middle East tensions and corporate hedging pressured the currency.

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FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo

India's rupee weakened 0.3% to 95.44 per dollar on Thursday during the afternoon session, marking its steepest single-day drop since mid-July.

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