Rupee Edges Lower To 69.38 Against Dollar

INSUBCONTINENT EXCLUSIVE:
The rupee edged lower against the US dollar in early trade on Thursday, a day after official data showed consumer inflation hit a
seven-month high
Crude oil prices lowering to near five-month lows supported the rupee however strength in the dollar overseas kept the advances in check,
say analysts
another unexpected rise in US crude stockpiles as well as the bleaker outlook for demand posed by prospects of a protracted trade war
between China and the United States.Brent crude futures - the global benchmark for crude oil - barely moved at $60.06 in early trade after a
3.7 per cent slide on Wednesday to $59.97 a barrel - the lowest close recorded since January 28.The dollar index - which measures the
greenback against six major peers - dipped as much as 0.11 per cent in intraday trade on Thursday, having risen more than 0.3 per cent
overnight