Rupee at weakest in over 18 months on high oil prices

By Suvashree ChoudhuryMUMBAI (Reuters) - India's rupee slipped to its weakest in more than 18 months on Wednesday, hit by higher oil prices and trade war concerns that could spark another bout of capital outflows for Asia's third-largest economy.The rupee fell to 68.68 to the dollar on Wednesday, its lowest since Nov.

29, 2016, making it a 0.62 percent decline so far in the day from its previous close of 68.25.High oil prices will stoke inflation and widen the country's current account deficit, adding to more selling pressure on the fragile.....

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