Oil rise to $70 a barrel level, turns rupee into worst-carry trade in Asia

(G.N.S) Dt. 07 New Delhi Oil’s advance to the highest since 2014 is squeezing the carry-trade returns on the Indian rupee to a point where they are the worst in Asia. The cost increase in India’s biggest import item widens the nation’s current-account and fiscal deficits, and has turned the