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Rupee hits one-month low as renewed Mideast conflict lifts oil prices
The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks offered dollars, likely on behalf of the Reserve Bank of India. Markets had anticipated less severe escalation, but this risk is now back. India's upcoming trade and inflation data will offer further economic insights.
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thehindubusinessline.com
Rupee ends flat, slips for the week as Iran flare-up boosts merchant hedging
The rupee ended flat at 95.3250 per US dollar but fell 0.1% for the week as Middle East tensions raised oil price concerns ahead of India and US inflation data.
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economictimes.indiatimes.com
Rupee slips on week as Iran flare-up spurs caution, merchant hedging
The Indian rupee ended nearly unchanged on Friday, but the week closed on a weaker note. Investor caution grew amid renewed hostilities in the Middle East, impacting…
