Rupee opens weaker at 95.88 against dollar: Why oil prices and US yields matter

The Indian rupee opened 7 paise weaker at 95.88 against the US dollar on Monday (September 28), compared with Friday’s (September 25's) close of 95.81, as stalled US-Iran talks pushed oil prices higher. The Reserve Bank of India’s intervention is likely to cushion the currency’s decline, while the…