Rupee Moves Lower To 71.34 Against Dollar: 5 Things To Know

"Since the morning, rupee has been tracking the move in crude. Overnight drop in oil led rupee to appreciate. However, the escalating tensions in Middle East limited the gains in rupee," said Rahul Gupta, Currency Research Head, Emkay Global Financial Services Limited. Mr Gupta added that the "market was disappointed with US Fed's mixed outlook". The Federal Open Market Committee lowered the policy interest rate by 25 basis points...