On Monday, the Indian rupee strengthened to close at 94.74, following a decrease in oil prices. Oil prices fell from six month peaks, contributing to the rupee's gains, which were significant during the trading day. The currency fluctuated between...
By ET Bureau |
Reuters
The Indian rupee strengthened moderately to close at 94.74.
Mumbai: The Indian rupee strengthened moderately to close at 94.74 on Monday, from 94.90 the previous day as oil prices declined from six month peaks, and ahead of the US midterm elections.
The currency traded in the range of 94.88 and 94.60 on Monday, as Brent crude oil futures retreated further to $104 per barrel during Asia trading hours.
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