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Indian rupee oil-linked losses meet key hurdle, RBI defence in focus
MUMBAI: Rising oil prices continue to weigh on the outlook for the Indian rupee, with traders watching for support near a key technical level and the response of the central bank. The Indian rupee is expected to open flat to marginally weaker on Tuesday, having dropped 0.3% in the previous session to 95.1850 to the dollar. Brent crude is hovering near $115 a barrel, a six-month high, with little relief in sight. Analysts see limited scope for an immediate pullback, with renewed attacks by Houthis on Saudi Arabia, a key oil producer, raising concerns over supply disruptions. The Indian cu...
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