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Indian rupee weakens for third session as importers step up dollar bids, foreign outflows bite
MUMBAI: The Indian rupee declined for the third consecutive trading session on Monday as importers stepped up dollar purchases, while elevated oil prices and foreign outflows also weighed on the local currency. The Indian rupee opened little changed against the US dollar, but slipped to end at 95.1850, down 0.3% for the day. It has fallen about 0.8% in three sessions. Benchmark Brent crude jumped for a third straight week last week, and it has risen around 13% in that time on mounting concerns over supply disruptions following attacks by Houthis on Saudi Arabia. The contract traded at around $...
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