Indian Rupee weakest since November 2016 on higher oil prices
Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after US officials told importers to stop buying Iranian crude from November.
![Indian Rupee weakest since November 2016 on higher oil prices Indian Rupee weakest since November 2016 on higher oil prices](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/06/27/43311-indian-rupee-pti.jpeg?itok=IeQbOvbL&c=afe51b0c2f88ea19f6367f993e9fa49a)
Some dealers said the Reserve Bank of India (RBI) had intervened only mildly earlier in the day by selling dollars. Image source: PTI