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The Economic Times
The Economic Times
Business

Oil pangs resurface for rupee, options market gauge signals bearish bias

Oil India Inflation Deficit Iran Reserve Bank of India United States

The Indian rupee slipped to its weakest level ​in more than a month ​on Monday, as oil prices rose after U.S. and Iran traded ​strikes, with Tehran saying it had closed the vital Strait of Hormuz.

The rupee closed at 95.62 per dollar, down 0.3% from its previous session close, after touching an intraday low ‌of 95.85.

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