Indian Rupee Ends Flat Amid Portfolio Flows and High Oil
The Indian rupee closed at 94.99 per dollar on Monday as MSCI index rebalancing flows countered persistent corporate hedging demand. Traders are now focusing on the upcoming central bank policy decision while monitoring geopolitical tensions that pushed Brent crude oil prices toward 94 dollars.
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The India rupee ended at 94.99 per dollar on Monday, remaining nearly unchanged from the close on the previous Friday. MSCI equity index rebalancing flows offset persistent corporate hedging demand and a 3% rise in crude oil prices. Investors are now pivoting to the central bank's upcoming policy decision to gauge future interest rate trajectories.
