Rupee falls past 95/$ as crude surges; RBI steps in with dollar sales
· business-standard.com
The rupee touched a low of 95.23 against the dollar before settling at 95.11 as Brent crude topped $100 a barrel; dealers cited RBI intervention in spot and swap markets
The rupee weakened further on Wednesday, breaching the 95-per-dollar mark for the first time in around two weeks as a sharp rise in crude oil prices amid escala...