Rupee Recovers 3 Paise, but $115 Oil Prices Keep the Pressure On đź’¸

The Indian rupee opened 3 paise stronger at 94.79 per dollar on Friday after a 43-paise decline the previous session, amid rising crude and weak equities. Brent neared $115 on supply concerns. Going forward, crude trends, importer dollar demand, foreign portfolio flows, and global risk sentiment will influence the rupee's direction.