India rupee hits record low on escalating Middle East conflict

MUMBAI: The Indian rupee fell to a record low on Monday, as an escalating Middle East conflict stoked worries over sustained disruption of energy supplies, threatening the outlook for Asia’s third-largest economy. The rupee fell to 93.84 against the US Dollar, eclipsing its previous low of 93.7350 hit on Friday. Asian currencies were down between 0.1 per cent to 0.8pc as hopes for an off-ramp to hostilities dimmed over the weekend with Washington and Tehran trading threats as the war entered ...

By none@none.com (Reuters)