Re slumps to 7-week low as oil boils on Iraq unrest

Posted on Jun 18 2014 - 9:05pm by IBC News

Mumbai, Jun 18 The rupee today fell 36 paise to end at an over seven-week low of 60.39 against the US dollar as growing unrest in Iraq pushed up crude and caution prevailed in the currency markets ahead of the outcome of US Fed meeting.

A sharp fall in local equities amid slow down in capital inflows too had a negative impact on the rupee, say dealers.

About the Author