Rupee faces pressure as oil prices rise amid US-Iran tensions
after close1 source ↓written by the desknot a recommendation
- against the U.S
- 95.55-95.60 range
The Indian rupee is set to weaken at Monday's open, expected in the 95.55-95.60 range against the U.S. dollar, following a settlement at 95.3250 on Friday. Market focus has shifted back to oil prices due to escalating tensions between the U.S. and Iran, impacting India's trade balance. Traders anticipate continued volatility as energy supply risks mount.
Not investment advice. For informational purposes only.