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Indian rupee nudges higher, forward premiums dip with focus on US midterm, oil moves
MUMBAI: The Indian rupee strengthened modestly on Tuesday and dollar-rupee forward premiums retreated in range-bound trading as investors awaited the outcome of US midterm elections and developments surrounding the Iran war. The Indian rupee closed at 94.74 per dollar, up from its close at 94.90 in the previous session. While the currency had jumped as high as 94.62 in early trading, it trimmed gains as oil prices rebounded after slumping nearly 11% in the previous session. Oil prices rose more than $1 on Tuesday, as an Iranian official said a deal to end the war was far off, while the United ...
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