Currency Buzz: INR slides above 88 per US dollar mark

Indian Rupee has slipped sharply today, giving up some of the recent gains as firm crude oil weighs on the sentiments. INR hit around two-month high last week against the US dollar amid good gains in equities and a steady turnaround in equity inflows. Markets also eyed a potential US-India trade deal. However, the local currency has dropped today, starting the week on a tepid note and currently quotes at 88.30 per US dollar, down around 47 paise on the day. Undertone in equities is firm today but WTI Crude oil is lingering around $62 per barrel mark, holding onto its 7.60% advance in last week.

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