Rupee Falls 13 Paise to 95. 56 as Crude Rises, Fed Hike Bets Strengthen Dollar The rupee has been on a downward spiral lately, and its latest dip to 95.
56 against the US dollar is just the latest chapter in this tale of woe for Indian investors.
Higher crude oil prices, geopolitical tensions, and expectations of a September Federal Reserve rate hike have all contributed to the rupee's decline.