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The Economic Times
The Economic Times
Business

Rupee closes at 96.34 vs USD; firmer Asia FX, oil dip offer little comfort as NDF maturities pinch

Oil United States India

The Indian rupee ended modestly weaker on Thursday, ​unable to benefit from a ​dip in oil prices and broad strength in regional currencies ​in the face of dollar demand linked to maturing non-deliverable forward contracts.

The rupee closed at 96.3450 per dollar, down 0.1% from its previous close and hovering close to its weakest ‌level in nearly ⁠two ⁠months.

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