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Indian rupee ends flat as robust importer hedging blunts oil price relief

August 3, 2026
Source: economictimes.indiatimes.com economictimes.indiatimes.com
News Snapshot:
The Indian rupee ended little changed on Monday, retreating from a three-week high hit in early trade, as dollar demand from importers and state-run banks gathered pace, blunting the boost from a sharp fall in oil prices.The currency, which climbed to a peak of 95.1275 ?as Brent ?crude prices ?slumped after U.S. President Donald Trump called off an imminent attack in hopes ?of quickly reaching a deal, ended at 95.3375 per dollar against the 95.38 ?previous close.Talks between Washington and Tehran are scheduled on Monday, lifting global stocks, including those in Mumbai.While the rupee received a ?sentimental boost from the...
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China Tech Buzz Topics: Attack | bank | currency | data | Dollar | Donald Trump | index | India | Indian | Iran | Israel | Japan | Japanese | LED | Mumbai | Oil | president | Sharp | stocks | Tehran | Three | trade | Trump | U.S. | War

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