Rupee logs best single day gain this year, surges 56 paise to 67.78 a dollar
Updated : May 25, 2018 07:35 PM IST
Global crude prices fell sharply by over 2%, despite multiple production outage fears in major producing countries, either real or prospective, including Venezuela, Libya and Iran.
Brent crude futures, an international benchmark, is trading lower at $77.06 a barrel in early Asian trade.
Hardening concerns over fiscal deficit and current account deficit amid rising global crude oil prices have been weighing on the rupee.
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