USD/INR rises to near 95.22 amid higher oil prices and a rebound in the US Dollar after recent losses.
The Indian Rupee (INR) opened lower against the US Dollar (USD) on Monday, trading near 95.22. The decline follows a recovery in oil prices and a rebound in the USD after a period of weakness.
Oil prices have extended gains, pressuring the INR due to India’s reliance on energy imports. The USD’s recovery from recent lows has also contributed to the pair’s upward movement. Analysts suggest limited downside for the INR despite current pressures.
No immediate market reaction was specified, but the move reflects broader commodity and currency trends.