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Indian rupee ends flat as robust importer hedging blunts oil price relief
The Indian rupee finished slightly lower at the close on Monday, pulling back from an early surge. Demand for dollars from importers and state banks intensified, countering the fall in oil prices. Meanwhile, global equities gained ground ahead of the scheduled discussions between Washington and Tehran. The dollar index maintained its position, and most Asian currencies appreciated.
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economictimes.indiatimes.com
Rupee climbs to one-month peak of 95.13 vs USD on oil slump, stronger inflows
The Indian rupee reached a one-month high as oil prices declined and foreign inflows increased. The Reserve Bank of India is expected to maintain current interest rates this…
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thehindubusinessline.com
Rupee ends flat as robust importer hedging blunts oil price relief
The Indian rupee ends flat as importer demand offsets oil price decline following geopolitical tensions and market volatility.
