Indian Rupee Seen Steady on Easing Oil Prices, Fed Rate Hike Bets
The Indian rupee is anticipated to open with minor relief on Monday, supported by declining oil prices and a reduction in expectations for a Federal Reserve rate hike in October. Traders expect the USDINR to trade in the 96.22-96.26 range.
The Indian rupee is seen getting some relief on Monday as softer oil prices and a further trimming of bets on an October Federal Reserve rate hike ease pressure on the currency. 26 range, traders said, after settling at 9…