USD/INR Price News: Indian Rupee struggles around 81.70 as softer oil jostles with risk-off mood – by anilpanchal7 USDINR RiskAppetite Oil Coronavirus Currencies
WTI crude oil renewed the yearly low around $73.90, near $74.10 by the press time, as fears of increasing supply and less demand, mainly due to the Covid woes, join woes surrounding a limit on Russian oil prices.
Reuters mentioned, “Infections rose as hundreds of demonstrators and police clashed in Shanghai on Sunday night as protests over China's stringent COVID restrictions spread to several cities.” The news also quotes China’s National Health Commission to report a fifth straight daily record of 40,347 new COVID-19 infections on Nov. 27, of which 3,822 were symptomatic and 36,525 were asymptomatic.
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