Indian Rupee On Ventilator As Crude Threatens To Touch $ 100/Barrel Mark

摘要

The Indian rupee looks set to outpace losses seen in 2013 as efforts by policy makers to stem its rout fall flat in the face of rising oil prices and relentless foreign outflows. Down more than 12 per cent as Asia's worst currency in 2018, predictions that crude — India's biggest import — could return to $100 per barrel signal that things may get a lot worse for the rupee in the final three months of the year.