The Indian rupee opened little changed on Monday, even as the dollar gained following the assassination attempt on former President Donald Trump.
The local currency opened little changed at Rs 83.54 against the greenback, according to Bloomberg. It had closed at Rs 83.53 on Friday.
The dollar is up 0.12% to 104.2190, while Brent crude is up 0.20% and is currently trading at $85.20 per barrel.
India’s retail inflation reached a four-month high in June, primarily due to a rise in vegetable prices, reaching 5.08%, up from 4.75% in May, according to data from the Ministry of Statistics and Programme Implementation, released on Friday.
“The Brent crude oil price fell to $85.12 as the dollar strengthened after the attack on Trump, while investors eyed the progress of talks for a Gaza ceasefire,” said Anil Kumar Bhansali, head of Treasury and executive director of Finrex Treasury Advisors LLP.
Rupee may trade in a narrow range of Rs 83.48-83.58 as the RBI continues to protect the higher levels, Bhansali said.
