Middle East tensions, high crude oil prices bring rupee to 84-mark against dollar ...Middle East

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Middle East tensions, high crude oil prices bring rupee to 84-mark against dollar
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New Delhi: With elevated crude oil prices amid global geo-political situations, the rupee on Friday breached the 84-mark against the US dollar for the first time. The rupee traded lower by 0.12 at 84.09, pressured by the recent rise in the dollar index from $100.50 to $102.40 and its steady hold. According to trade experts, the Middle East tensions continue to be volatile and are likely to keep oil prices high and the rupee weak in the short term. Brent crude surged to $78.92 per barrel from nearly $69 on September 30. Meanwhile, foreign portfolio investors (FPIs) have sold shares worth Rs 55,000 crore in the Indian stock market in the past nine days. On Friday, the rupee climbed up to the

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