 "Rupee settles below 70 after three months, crude oil slides further")
The rupee on Tuesday opened 29 paise lower at 71.26 against the US dollar amid reports of fresh geopolitical tensions between India and Pakistan. According to news reports, Pakistan army spokesperson Major General Asif Ghafoor on Tuesday claimed that the Indian Air Force (IAF) had violated the Line of Control (LoC).
Indian Defence Ministry spokesperson, meanwhile, said he had ‘no information’ of any air strike on Pakistan, according to Bloomberg. READ MORE
"The USD/INRpair has made a red candle on the daily chart with showing strong support at its 50-day simple moving average (SMA)(70.95). The pair is showing strong resistance
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