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Indian rupee hooked to oil prices as markets gauge Iran diplomacy hopes
MUMBAI: The Indian rupee is poised for a muted start on Wednesday and traders reckon that directional moves will be contingent on oil prices amid hopes of a diplomatic solution to the US-Iran war through talks at the UN. The Indian rupee is expected to open nearly flat around 95.60-95.65 per dollar compared to its close at 95.59 in the previous session. Oil markets remain the key driver for Indian assets with Brent crude futures hovering near two-week lows at $99.22 per barrel, on hopes that diplomacy at the UN General Assembly could pave the way for a resolution to the Middle East war. ...
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