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Indian rupee poised for subdued start as traders watch oil prices, IPO-linked flows
MUMBAI: The Indian rupee is expected to make a quiet start on Monday, with traders watching oil prices and foreign portfolio flows for directional cues while holding on to expectations that central bank intervention will limit the currency’s weakness. The Indian rupee is expected to open in the 95.90-95.95 band, traders said, marginally weaker than its close at 95.8725 on Friday. Oil prices slipped on Monday but held above $100 as Iran and the United States exchanged new threats while investors assessed the recovery in energy shipments from Saudi Arabia. Brent prices were down 2% at $101....
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