Economic TimesLean R·
Rupee rallies 50 paise as cheaper crude lifts sentiment
Mumbai: The Indian rupee logged its best day in nearly a month, climbing nearly 50 paise against the dollar Tuesday, amid reports that Saudi Arabia would reduce crude oil prices for Asian buyers as shipments fully resume through the Hormuz Strait, traders said."The rupee traded stronger after reports said that Saudi Arabia cut its August crude oil prices for Asian buyers amid easing geopolitical tensions in West Asia," said Jateen Trivedi, VP currency research analyst, LKP Securities. "This imp…
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