Indian Rupee Faces Pressure From Equity Outflows
The Indian rupee is expected to open slightly weaker near 95.95 as dollar outflows from global equity index adjustments offset lower oil prices. While reports of a potential U.S. and Iran ceasefire extension provided some relief to crude markets, traders remain cautious about regional geopolitical stability.
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The India rupee is expected to open lower as equity-related dollar outflows offset a decline in global oil prices. The currency is projected to trade between 95.90 and 95.95, weakening from its previous close of 95.69. Traders remain cautious as the rupee faces a 1% monthly decline following the conflict in Iran.
