Rupee Slips to 94.28 as Oil Surge, Geopolitics Weigh
Mumbai, April 24: The rupee fell 16 paise to 94.28 against the dollar extending its slide for the fifth day as the oil spike resulting from the Middle East kept the currency on the boil. The currency started 10 paise lower at 94.21 before plunging as low as 94.32, buffeted by headwinds from regional unrest between the US and Iran. Asian currencies marched in lockstep with the rupee, falling anywhere between 0.1% and 0.3% as tensions escalated in the Middle East. Oil Boils The slide in the rupee is largely due to oil prices...
