Rupee Remains Under Pressure as Oil and Geopolitical Risks Rise

The Indian rupee is expected to remain sensitive to crude prices and developments in West Asia this week. The currency closed at around Rs. 95.45 per dollar on Friday, while traders expect it to remain range-bound as the RBI continues to monitor market conditions.

A sustained rise in crude could increase dollar demand from oil importers and put additional pressure on the rupee. On the other hand, stable foreign inflows and RBI intervention could help limit sharp movements in the currency.