Rupee hits over 1 month low as oil prices surge
Jun 16 2014 , Mumbai
At 9:34 a.m., the rupee was at 59.9850/9900 after hitting 60.00, a level last seen on May 12. The pair had closed at 59.76/77 on Friday.
Traders expect the rupee to weaken further during the session as concerns persisted that an insurgency in Iraq could disrupt oil exports from the second-largest OPEC producer.