Rupee firms as oil retreats, traders gauge flow momentum under RBI measures

The Indian rupee firmed 0.2 percent to 96.25 per dollar, recovering from a two-month low of 96.50 hit in the previous session. Brent crude fell 1 percent to $88.3 per barrel on hopes of a resolution to the Middle East conflict. RBI measures announced last month have drawn over $20 billion in about a month, with DBS expecting cumulative inflows of $45-50 billion.