The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

BIZ-RUPEE-CLOSE - Rupee climbs to 1-week high as crude dives, ends at 68.57

Contributed by NAMPA / PTI.

Mumbai, Jul 12 (PTI) The rupee today surged by 20 paise to end at a one-week high of 68.57 against the US dollar buoyed by a steep fall in crude prices and a strong rally in equity markets.
Forex market witnessed a revival in sentiment after crude prices plunged the most in two years on supply glut worries after Libya said its four oil export terminals were reopening, ending a standoff that had closed most of its oil output.
The benchmark Brent crashed over 7 per cent yesterday before regaining ...

 

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