Rupee takes comfort in oil prices, Fed outlook amid equity selloff
Article Summary
-Brent crude dipped in Asia, adding to Tuesday’s near 5% drop, on concerns over the demand outlook. Indian equities dropped 0.7%, joining the selloff fuelled by worries over U.S. slowdown.
The rupee was at 83.9575 to the U.S. dollar at 10:40 a.m. IST compared with 83.9625 in the previous session.
By Nimesh Vora MUMBAI (Reuters) – The...