Rupee Slides To Eight Week Low As Middle East Tensions Surging Oil Weigh On Sentiment
E
Economic TimesVerified Publisher
The Indian rupee reached an eight-week low against the dollar on Tuesday. High crude oil prices and safe-haven dollar demand pressured the currency. Overseas investors resumed selling local assets, further weakening the rupee. The Reserve Bank of India intervened to limit the currency's decline. The rupee has depreciated 1.4% in the current fiscal year. The currency has now depreciated 1.4% in the fiscal year so far. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price From
. Overseas investors resumed selling local assets, further weakening the rupee. The Reserve Bank of India intervened to limit the currency's decline. The rupee has depreciated 1.4% in the current fiscal year.
The currency has now depreciated 1.4% in the fiscal year so far.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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