Home / Finance / Analysis / Rupee halts 4-day winning streak, back to 70/$ as crude oil surges

Rupee halts 4-day winning streak, back to 70/$ as crude oil surges

The domestic currency on Friday strengthened by 27 paise to close at a four-month high of 69.58 against the greenback.

Rupee settles below 70 after three months, crude oil slides further

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Last Updated : Dec 03 2018 | 9:33 AM IST

The rupee on Monday slipped 29 paise to open at 69.87 against the US dollar as crude oil prices surged after the United States and China agreed a truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut. Minutes later, the home unit depreciated further and touched the 70-mark per dollar. At 09:17 am, the rupee was trading at 70.05.

The domestic currency on Friday strengthened by 27 paise to close at a four-month high of 69.58 against the US currency, extending gains for a

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