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Rupee hits fresh 15-month low of 67.32; macro headwinds, crude oil hurt

The rupee crumbled to a fresh intra-day low of 67.44 in mid-morning deals before staging a spirited recovery

Rupee hits fresh 15-monthh low of 67.32; macro headwinds, crude oil hurt
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Press Trust of India
The embattled rupee on Thursday dropped further by five paise to end at a fresh 15-month low of 67.32 against the American currency on steady dollar demand from banks and importers.

Besides, growing concerns over capital outflows as well as trade deficit worries due to rising crude prices kept forex sentiment highly volatile throughout the day.

Currency traders and speculators also took into account the rise of Middle-East tensions after the decision of US President Donald Trump to withdraw from the nuclear deal with Iran.

During the day, the rupee crumbled to a fresh intra-day low of 67.44 in mid-morning deals before staging