With oil at $50, why is rupee still trading at 62?
MarjorieHearst 
38
In September 2014, the price of oil was $100 and the rupee was $61 to the dollar. Suppose you reduce the price of oil to $500. I think most people would suggest a rupee exchange rate of 50-55 rupees.
One of the reasons for discussing this with economists and experts is the strength of the dollar.
(Column by Prashant Jain, Chief Investment Officer, HDFC Mutual Funds)
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