Rupee Takes a Hike Of Rs 1.62 Against Dollar

The value of rupee has increased by Rs.1.62 against the dollar in the interbank market.

Dealers of the currency have indicated that the dollar’s demand is lowest at the moment. Forex traders have revealed that rupee has taken a hike of Rs1.62.

There has been deep economic damage because of the lowering crude prices. This has also affected the Asian share markets which slipped to two-weeks low.

Known Crude traders have plunged down their revenues. Brent oil futures has lost 33.7%, S&P 500 Global lost 3.07% and Nasdaq Composite lost 3.48%.

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