Rupee declines first time in eight sessions as Brent oil prices rise above $112

The rupee declined for the first time in eight sessions as Brent crude prices rose above $112, ending the currency's latest run of gains.

Friday trading range in focus

The currency is expected to trade between 94.50 and 95.25 on Friday. That range provides the immediate reference point for the rupee after its first decline in eight sessions.

Oil prices and currency movement

Brent's move above $112 occurred alongside the rupee's decline. The available information does not specify the rupee's closing level or quantify the impact of higher oil prices on the currency.

For now, the key market developments are the reversal in the rupee's recent direction and the expected trading band for the next session.