Rupee stuck under oil pressure; Iran war shadows Trump’s China trip
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The Indian rupee is under pressure, hovering near its all-time low due to persistent oil-linked challenges. Traders expect the rupee to open between 95.70 and 95.80 per U.S. dollar, following a record low of 95.7950. The upcoming meeting between U.S. President Trump and China's Xi Jinping may influence oil prices and the rupee's performance, especially concerning the Iran war. India is taking measures to curb imports and conserve foreign exchange, with potential policy changes anticipated to address the widening trade deficit and current account deficit.
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