The Indian rupee is back in focus as rising crude prices and renewed geopolitical uncertainty create pressure on the domestic currency. A stronger dollar combined with higher energy-import costs can increase demand for dollars from Indian importers.
The currency is also being watched for the impact of foreign portfolio flows. Persistent selling by overseas investors can add further pressure, while RBI intervention can help smooth excessive volatility.
With oil moving above $90, traders are likely to closely track the USD/INR level, RBI activity, crude prices and FII flows during the week.
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