Rupee Closes Flat Amid Cautious Trading

The Indian rupee ended nearly unchanged on Monday, ignoring lower oil prices and a weaker dollar. Traders remained cautious ahead of the upcoming United States midterm elections and strong dollar-buying demand.

Xurve View
Insights:
A man counts Indian currency notes at a roadside currency exchange stall in the old quarters of Delhi, India, February 2, 2026. REUTERS/Anushree Fadnavis

The India rupee closed nearly flat at 94.90 per dollar on Monday, giving up early gains despite lower oil prices and a weaker dollar.