Rupee expected to rise on lower oil and inflow measures
The rupee is expected to rise as oil prices retreat and markets anticipate central bank measures to boost inflows. Brent crude fell to 108 dollars per barrel.
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India's rupee is expected to open higher between 95.00 and 95.04 on Wednesday morning. The currency hit an all-time low of 95.4325 on Tuesday afternoon as Brent Crude Oil fell to $108. Easing energy costs and potential central bank steps to boost dollar inflows offer a reprieve for currency traders.
