Rupee seen extending losses as oil price rises
The Indian rupee (USDINR) is expected to open at 94.84 to 94.86, after settling at 94.8175, with further oil-price gains weighing and testing RBI currency support.
The Indian rupee is expected to extend losses on Wednesday, pressured by another rise in oil prices that could test the central bank’s ability to cushion the currency. 8175.