Indian Rupee Slips as Elevated Oil Prices Keep Pressure on Currency
The rupee slipped on Wednesday as elevated oil prices pressured local assets. The central bank likely intervened to contain the currency’s weakness.
By Jaspreet KalraThe Indian rupee slipped on Wednesday as oil prices remained on the boil, keeping up pressure on local assets while the central bank likely intervened to contain the currency's weakness.The rupee FX_IDC:USDINR closed at 95.2200 per dollar, compared with the previous session's close…