Rupee tumbles 22 paise against dollar on crude concerns

On rising global crude prices and fresh demand for the American currency from importers, the rupee Thursday slumped 22 paise to 70.08 against the US dollar in early trade. A possible increase in fuel prices due to the US sanctions on Iranian crude exports can have adverse impacts on the current account deficit (CAD), the rupee and inflation.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IEAa3x

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