Indian Rupee Leads Asian Peers on Falling Crude, Capital Push

Indian Rupee Leads Asian Peers on Falling Crude, Capital Push The RBI may need to let the rupee rise further before resuming dollars purchases. This article is for subscribers only. Good morning... I’m Pratigya Vajpayee in New Delhi, with your pre-market briefing as traders return from a three-day weekend. Local equities head into the new week with two positives on their side — oil prices have fallen for three straight weeks, and over the whole of June, the rupee has been the best-performing currency in Asia. For India, lower crude prices take some pressure off inflation, the exchange rate and government finances, while also easing concerns over corporate and consumer costs. [Image text:] 494929 6MR oas e 60