Rupee holds steady as RBI intervenes amid oil price concerns

The Indian rupee remained stable on Monday, buoyed by Reserve Bank of India intervention in currency markets. The RBI sold dollars to support the rupee's value amid broader market pressures.

Rising oil prices and concerns over energy flows weighed on sentiment. Traders are also monitoring expectations of Federal Reserve rate hikes following recent labor data releases.

Market participants are now focused on upcoming inflation data that could influence both domestic and global monetary policy decisions.