Rupee Falls Below 68/$ To Become Asia’s Worst Performer In 2018


Bloomberg Quint reports:
The rupee's fall was a knee jerk reaction to the Karnataka elections, said Jamal Mecklai, chief executive officer of Mecklai Financials. "The way the Karnataka elections have panned out, has created possibilities of domestic political uncertainty," Mecklai told BloombergQuint. While the day's volatility may have been driven by politics, the Indian rupee has also depreciated in response to a change in global and domestic macro conditions. Prime among these is higher oil prices.
Continue reading...   Reader  
More trending news   Where is the full article?

LUV

SAD

WOW

MEH

GRR

HUH

LOL

0

0

0

0

0

0

0

This story is trending. Share it.