According to David Scutt , Treasury Dealer at Arab Bank in Australia, "Taking into account INR depreciation, the price of crude oil in Rupee terms has risen 20.6% since June 25" adding that "the Indian Rupee has now lost 14.46% in just 23 trading sessions."
Earlier in the Asian session, a more extensive report on the latest impacting the Indian Rupee was published, in which we warned about the gloomy outlook surrounding the currency.
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