According to Motilal Oswal, rupee fell to the lowest level in 15-months following surge in global crude oil prices and fund outflows from FIIs in equity and debt segment. This month, fund outflows from the FIIs has been to the tune of USD 1.4billion including equity and debt segment.
On the other hand global crude oil prices rose to the highest level in three years after the US pulled out of an international nuclear deal with Iran.
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