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Friday, September 21, 2018

Government mulls oil futures to deal with weak rupee, sanctions on Iranian oil

The move would be another step to tackle a slide in the rupee, as oil prices are putting pressure on India, which imports some 80 per cent of its crude demand. Rupee has fallen sharply this year against the US dollar, amid a wider sell-off in emerging markets.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NrR20e

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