Commodities & currencyEconomic Times
Rupee slips 0.4% to 94.0425 as oil rises
Positive+1
GreyOak summary
The Indian rupee retreated 0.4% to close at 94.0425 per dollar after oil prices increased and equities reversed early gains. Traders awaited October inflation data, with Reuters expecting headline CPI to rise 5.93%. Elevated oil prices and a weak monsoon have raised cost pressures, prompting markets to price in significant RBI rate hikes.
What it affects
- USD/INRPositive +1
Rupee fell 0.4% to 94.0425 per dollar.Rolling sentiment Positive +30
