Indian Rupee Falls to One-Week Low as Oil and US Yields Rise
The rupee weakened alongside Indian stocks and bonds as oil prices and US bond yields jumped after President Donald Trump said the US does not need a deal with Iran.
By Jaspreet KalraThe Indian rupee slipped to a one-week low on Friday, tracking weakness in local stocks and bonds which were hurt by a jump in oil prices and US bond yields after US President Donald Trump said the US does not need a deal with Iran.Simmering expectations of a larger-than-usual 50 b…