NEW DELHI: The rupee's fall against the greenback spells bad news for fuel consumers who would have to pay more for petrol and diesel if the currency's weakness persists.
The rupee dipped to a 20-month low to cross the 64-mark against the dollar on Thursday on sustained capital outflows by foreign funds and dollar demand from importers and banks.
Executives working with state fuel retailers told TOI every Re 1 change in the dollar exchange rate pushes up pump prices of petrol ..
The rupee dipped to a 20-month low to cross the 64-mark against the dollar on Thursday on sustained capital outflows by foreign funds and dollar demand from importers and banks.
Executives working with state fuel retailers told TOI every Re 1 change in the dollar exchange rate pushes up pump prices of petrol ..
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