ECONOMYEconomic Times Markets ยท 3 hours agoLive
Rupee slips below to 95.18 against dollar on elevated oil prices
Reported by Economic Times Markets, not nibnow. We are not the publisher of this story, only the source is.
No additional analysis available for this story yet.
WHAT HAPPENED
On Monday, the Indian rupee dropped to 95.18 against the dollar amid rising oil prices. Importer demand for dollars continued, despite increased hedging costs observed in the market. The Reserve Bank of India has implemented measures to stabilize the rupee but is less active in intervention. Without foreign inflows, the rupee faces challenges as oil prices remain elevated. Expected trading for the rupee is between 95 and 95.
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