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Rupee Rebounds After Falling To 15-Month Low Against US Dollar: 5 Points
Higher crude oil price and rising US bond yields weighing on rupee Rupee had breached 67 mark vs dollar yesterday Outflows from domestic capital markets also hurting rupee
08 May 2018, 05:11 PM IST 
US Dollar Vs Rupee: The INR had breached the key 67 mark against the USD yesterday.
Analysts say the combination of higher oil prices, a strong dollar and higher US rates is weighing on emerging market assets, including their currencies, as it could significantly worsen their trade balance and also encourage investors to shift funds to higher-yielding US assets.
"The US dollar is consolidating against majors and continues to grind higher against emerging market currencies. The steep rise in US short term rates ha...
