Indian Rupee up by 37 paise to 62.50 vs dollar due to fall in crude oil prices

The Indian rupee gained 37 paise to 62.50 against the dollar on Monday, 25th November, 2013 as the global crude oil prices dropped.

In a deal with the US and other world powers on Sunday, Iran agreed to limit its nuclear programme to get partial relief from sanctions. Oil prices fell on expectations curbs on Iran’s crude exports would eventually be lifted.

At the interbank foreign exchange market, the rupee opened strong at 62.67 a dollar from the previous close of 62.87 and moved in a range of 62.44 to 62.70 before ending at 62.50, a rise of 37 paise or 0.59 per cent.

News Courtesy: The Hindu

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