Weekly

Weekly Currency Outlook:-


HIGHLIGHTS: Rupee hits two months low on US-Iran tensions: The Indian rupee fell to hit a two-month low against US dollar on Monday after oil prices surged following a spike in tensions between the US and Iran. In early deals today, the rupee traded at 72.04 a dollar, down 0.3% from Friday's close of 71.81. The Indian unit had opened at 71.99 and so far today has touched a low of 72.05 a dollar -- a level last seen on 14 November. A surge in Brent crude prices will hit India's current account deficit. On Monday, Brent crude advanced 2.7% to hit $70 a barrel the first time in nine-month. Prices have gained nearly 7% so far this year.

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