scorecardresearchAs crude oil kisses $100 a barrel, Indian rupee to stay under pressure

As crude oil kisses $100 a barrel, Indian rupee to stay under pressure

Updated: 19 Aug 2022, 12:19 PM IST
TL;DR.
The rupee has been underperforming for some time. Early this month, RBI’s forex reserves fell by $4.53 billion in a week, the worst weekly drop in one year
One Reuters report projected the oil prices to shoot to $125 a barrel this year. Photo: Reuters.

One Reuters report projected the oil prices to shoot to $125 a barrel this year. Photo: Reuters.