Indian rupee faces pressure from oil headwinds, lack of inflow support

MUMBAI: The Indian rupee is likely to come under pressure at Monday’s open, potentially slipping below the psychological level of 95, ​with an oil price overhang compounded by the likely absence ‌of last week’s supportive flows. The Indian rupee is expected to open in the 95.00-95.04 range, per traders, after settling at 94.94 per dollar on Friday. The Indian rupee traded between ​94.32 and 94.97 last week, moving toward the firmer side ​of the range on inflows linked to the Jio Platforms ⁠IPO a

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