The Indian Rupee hit a new low of 93.97 against the US Dollar on Monday. Rising crude oil prices and global tensions are weakening the currency. The Reserve Bank of India intervened to prevent a sharper fall. Analysts expect further volatility. Asian currenci…
Mumbai: The rupee extended its losing streak Monday to close just above the psychologically significant level of 94/$. The currency closed at another record low of 93.97/$, with only dollar sales by … [+1936 chars]
