Indian rupee expected to see mild relief on Monday
The Indian rupee is set for minor relief as softer oil prices and fading expectations of a Federal Reserve rate hike ease pressure. The currency recently hit a two-month low past 96 per dollar.
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The India rupee is set to open between 96.22 and 96.26 per dollar on Monday, drawing mild relief from softer oil prices and lower FOMC rate-hike bets. The currency previously settled at 96.3150 on Thursday, with financial markets closed on Friday for a holiday. This pause follows a sustained slide past the psychological 96 threshold to a two-month low.
