Oil rise on renewed US-Iran hostilities set to fizzle India rupee rally
By Nimesh Vora MUMBAI, May 8 (Reuters) – The Indian rupee’s two-day rally is set to stall at Friday’s open, pressured by rising oil prices ‌after renewed fighting between the U.S. and Iran threatened a ‌fragile ceasefire. The rupee is expected to open in the 94.40-94.50 range, traders said, after settling at ​94.25 on Thursday….
