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Rising oil prices to weaken rupee, seen above 66.70 this week

Updated : May 14, 2018 06:18 AM IST

"The Indian rupee has been one of the worst performing currencies in the EM (emerging markets) basket."
Lately, geo-political tensions in the Middle East and supply side constraints have led to a surge in global crude oil prices.
Rising oil prices to weaken rupee, seen above 66.70 this week

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