The Indian rupee weakened for a third consecutive trading session on Monday, closing at 95.1850 against the U.S. dollar, down 0.3% on the day, Reuters reported. Importers stepped up dollar purchases, and the central bank support that had steadied the currency in recent sessions was not in evidence.
Two external pressures dominate. Brent crude has risen about 13% in three weeks to around $115 a barrel on concerns about supply disruptions, raising India's import bill and inflation risks. Foreign investors have also kept selling Indian equities — nearly $5 billion net in October after $3.75 billion in September. Attention now turns to the Federal Reserve's decision on Wednesday.
Why it matters: for South Florida families sending money to Kerala, a weaker rupee means each dollar converts into more rupees — but rates move daily and providers add margins and fees, so compare the total amount the recipient gets, not just the headline rate, before timing a transfer.
