Rupee set to recover as oil prices decline
pre-market1 source ↓written by the desknot a recommendation
- against the U.S
- 91.90-92.00 range
- dollar
- 0.64% drop
- on Monday
- 92.3275
- in Brent crude
- 10% decline
- prices
- $88.50
The Indian rupee is expected to recover, opening in the 91.90-92.00 range against the U.S. dollar after a 0.64% drop to 92.3275 on Monday. This follows a 10% decline in Brent crude prices to around $88.50, easing investor concerns over energy supply disruptions. However, risks remain until oil flows through the Strait of Hormuz normalize.
Not investment advice. For informational purposes only.