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Rupee traders weigh Jio IPO flows against oil price risks
MUMBAI: The Indian rupee is likely to open flat on Thursday, with traders looking to Jio Platforms IPO flows and positioning for direction while oil prices remain a risk. The Indian rupee is expected to open in 94.44-94.50 range, per traders, after settling at 94.46 to the dollar on Wednesday. The currency is on an eight-session winning streak, climbing from around 96.60-96.70. A series of measures by the Reserve Bank of India coupled with active intervention and flows related to the Jio Platforms IPO on Wednesday have lifted the currency to its highest level since the first week of Sept...
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