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Rupee plunges 64 paise as surging oil prices raise trade deficit worries

Updated : September 16, 2019 09:12 AM IST

At 09:06 AM, the rupee was trading at 71.56 a dollar, down 64 paise from its Friday’s close of 70.92.
India is the world’s third-largest oil importer. Higher crude oil prices put pressure on India's trade deficit and thus the rupee.
Rupee plunges 64 paise as surging oil prices raise trade deficit worries
Published : September 16, 2019 09:11 AM IST

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