Rupee drops as oil prices recover
The Indian Rupee has started the week on a negative note against the US Dollar.
The USD/INR pair has rebounded to near 95.22, driven by the recovery in oil prices and the US Dollar regaining ground.
The US Dollar Index has also risen 0.12% to near 99.72, amid uncertainty over the reopening of the Strait of Hormuz, a critical oil supply route.