Rupee Falls to 95.18 Against Dollar Amid Rising Oil Prices
On Monday, the Indian rupee declined to 95.18 against the US dollar due to elevated oil prices. Importers continued to demand dollars despite higher hedging costs. The Reserve Bank of India has taken steps to stabilize the rupee but is less active in market intervention. Without foreign inflows, the rupee faces pressure as oil prices stay high. Trading is expected between 95 and 95.18.
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