The strong break below 65 has strengthened the bearish outlook on the currency

The rupee fell over a per cent in the past week breaking below the key short-term support level of 65.2. The currency has been trading weak all through the week. It fell to a low of 65.54 on Tuesday and recovered slightly from there to close the day at 65.42, down 1.13 per cent for the week. Crude surges The recent rally in crude oil prices has put renewed pressure on the rupee. Brent cru...