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HomeMarket NewsWhy the Indian rupee isn't recovering despite oil cooling off
The surge in oil prices during the West Asia conflict pushed the Indian rupee to historic lows, but the subsequent fall in crude has yet to revive the currency. Here's why.
Reversing some of the recent gains, the Indian rupee slipped below 95.38 against the US dollar today, a decline of around 0.2%, despite Brent Crude sliding to near $72 a barrel.
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