Rupee snaps eight-day rally as oil climbs to highest since May
The Indian rupee ended its eight-session winning streak, closing down 0.4% at 94.8175 per dollar.
Concerns over rising oil prices amid the Middle East conflict added to global market volatility. Brent oil reached $112.40 per barrel, a worry for India given its high crude imports.
The Reserve Bank of India faces pressure over whether to defend the currency as these pressures build.
