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via fxstreet.comMarkets

Indian Rupee trades cautiously at start of the week

FROM THE WIRE · FXSTREET.COM

The Indian Rupee (INR) holds on to Friday’s losses against the US Dollar (USD) at the start of the week. The USD/INR pair ticks up to near 95.00 as the Indian currency faces pressure due to elevated oil prices.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe rupee under pressure from elevated oil prices weighs on its exchange rate versus the dollar.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Indian rupee holds Friday's losses against the US dollar.
  2. 02The USD/INR pair ticks up near 95.00.
  3. 03Elevated oil prices are putting pressure on the Indian currency.

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