Rupee declines to 94.86 per USD amid modest inflows
pre-market1 source ↓written by the desknot a recommendation
- on Monday
- 94.86 per dollar
- futures retreated
- $108 per barrel
- intra-day high
- $112
The Indian rupee fell to 94.86 per dollar on Monday, supported by modest dollar inflows and lower oil prices. Brent crude futures retreated to $108 per barrel, easing from an intra-day high of $112. However, persistent importer hedging demand continues to weigh on the rupee's performance.
Not investment advice. For informational purposes only.