Rupee Ends Slightly Higher Amidst Subdued Trade

Economic Times Markets · stocks

The Indian rupee closed marginally stronger at 95.8150 per dollar on Monday, recovering from its previous close of 95.8725. Lower oil prices and portfolio inflows supported the rupee, though demand from importers, including oil refiners, capped its gains. Asian currencies remained range-bound while regional equities advanced. Dollar-rupee forward premiums eased, reflecting trimmed positions as traders assessed potential Reserve Bank of India rate hikes amid global inflation concerns.