Higher crude prices sent the rupee to multiple lows in October and spurred foreigners to pull about $12 billion from local stocks and bonds in 2018. Cheaper oil and a central bank that’s boosting the amount of money it’s adding to the economy have driven gains in Indian assets this week.
from Times of India https://timesofindia.indiatimes.com/business/india-business/rupees-year-end-rally-heralds-a-brighter-2019-as-oil-slumps/articleshow/67174343.cms
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