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View Full Version : India Rupee Drops to 1-Year Low as Importers Boost Dollar Buying - Bloomberg



NewsWhore
09-08-2011, 02:40 AM
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India Rupee Drops to 1-Year Low as Importers Boost Dollar Buying (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEMLrNukFfoSEWTlRegNkOheSjRkA&url=http://www.bloomberg.com/news/2011-09-08/india-rupee-drops-to-1-year-low-as-importers-boost-dollar-buying.html)
Bloomberg
The local currency fell for a fourth day after crude oil traded in New York rose 3.9 percent to $89.34 a barrel yesterday, the highest close since Aug. 3. India imports more than 75 percent of its fuel requirements. Local gold demand may surge 25 ...

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