Indian Rupee Falls as Oil Prices Strain Currency
The rupee was at 95.19 per dollar at 11 a.m. IST, down slightly from its previous close. Modest foreign portfolio inflows and likely central-bank intervention contained the decline.
By Jaspreet KalraThe Indian rupee was on the defensive on Wednesday, strained by elevated oil prices while modest foreign portfolio inflows and likely intervention by the central bank contained the decline.The rupee FX_IDC:USDINR was at 95.19 per dollar as of 11 a.m. IST, down slightly from its clo…