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Rupee rebound bets vanish as soaring crude blunts inflows
What makes the Indian currency more vulnerable than some of its Asian peers is the countrys reliance on imported energy and its ripple effect on the broader economy.
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economictimes.indiatimes.com
Rupee weakens to two-month low as oil climbs; state-run banks cushion
The Indian rupee reached its weakest point in two months on Monday. Rising oil prices and Middle East hostilities pressured the currency's value. State-run banks sold dollars,…
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Rupee hits two-month low, oil prices remain focal point
The Indian rupee hit a two-month low on Monday as oil prices hovered around ninety dollars per barrel. In an effort to stabilize the currency, the Reserve Bank of India intervened…
