The Free Press Journal | 07/03/2022 11:41 PM | Click to read full article
High commodity prices, as well as outflow of foreign funds from equity markets, dragged the Indian rupee to a new record low against the US dollar.
Rising prices of crude oil, along with other commodities triggered by the Russia-Ukraine war, had kept weak pressure on the rupee. The Ukraine crisis pushed Brent crude oil price to $130 a barrel on Monday.
