Rupee weakens for third session as dollar demand and outflows weigh
The rupee declined for a third consecutive session on Monday as importers increased dollar purchases. Elevated oil prices and foreign outflows also weighed on the currency.
By Dharamraj DhutiaThe Indian rupee declined for the third consecutive trading session on Monday as importers stepped up dollar purchases, while elevated oil prices and foreign outflows also weighed on the local currency.The rupee opened little changed against the US dollar, but slipped to end at 9…