The Indian rupee on Monday weakened against the US dollar for the fourth consecutive session, weighed down by higher global oil prices. At 09:08 am, the rupee was trading at 71.35 a dollar, down 0.18% from its previous close of 71.23. Most Asian currencies were trading higher against the US dollar. Indonesian Rupiah gained 0.449%, South Korean Won 0.409%,China renminbi 0.246%, Thai Baht 0.179%, Malaysian Ringgit 0.152%, Taiwan Dollar 0.120%, China Offshore 0.114%, Singapore Dollar 0.103%, Philippine Peso 0.063% and Hong Kong Dollar 0.017%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.754.

Source: Mint February 18, 2019 04:07 UTC