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The Economic Times
The Economic Times
Business

Indian rupee ends flat as robust importer hedging blunts oil price relief

The Indian rupee ended little changed on ​Monday, retreating from a ​three-week high hit in early trade, as dollar ​demand from importers and state-run banks gathered pace, blunting the boost from a sharp fall in oil prices.

The currency, which climbed to a peak of 95.1275 ‌as Brent ⁠crude prices ⁠slumped after U.S. President Donald Trump called off an imminent attack in hopes ​of quickly reaching a deal, ended at 95.3375 per dollar against the 95.38 ​previous close.

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