Rupee ends marginally higher in subdued trade, forward premiums ease
The Indian rupee closed at 95.8150 per dollar on Monday, slightly up from 95.8725, supported by lower oil prices and portfolio inflows. Dollar-rupee forward premiums eased, with the August 2027 premium down 6 paisa at 2.94 rupees, as traders assessed potential rate hikes by the Reserve Bank of India. Market expectations for a Fed rate hike in October are currently at 55%.