Rupee Faces Pressure From Safety Flight and Oil
The Indian rupee faces headwinds as rising oil prices and a global flight to safety weigh on risk-sensitive currencies. Safe-haven assets rallied while equities dropped amid growing economic growth concerns.
Xurve View
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Xurve View
The India rupee is poised to face downward pressure on Friday during morning trade as a global flight to safety and climbing oil prices weigh on risk-sensitive currencies. The currency is expected to open at 94.84 to 94.88 per dollar, according to traders, following a Thursday settlement of 94.8175.
