Low oil price, weak Chinese yuan to keep rupee in range next week
Gains from a low oil price would likely be offset by a weak Chinese yuan, restricting the Indian rupee in a range of 72.30-73.20 per US dollar next week, experts said on Sunday.
A fall in crude oil prices has also supported the rupee. India imports about 80 per cent of its crude oil requirements, and a spike in global prices fans inflation risks, pressuring the rupee. Image source: Reuters