Rupee weakens for third session as importers step up dollar bids, foreign outflows bite

What happened: The Indian rupee declined for a third consecutive trading session, driven by increased dollar buying from importers, elevated oil prices, and foreign outflows. Why it matters: Higher oil prices raise concerns over inflation and import costs, while foreign investors being net sellers of Indian equities adds to market pressures.

The Indian rupee declined for a third consecutive trading session, driven by increased dollar buying from importers, elevated oil prices, and foreign outflows.

Higher oil prices raise concerns over inflation and import costs, while foreign investors being net sellers of Indian equities adds to market pressures.