Rupee slips on week as Iran flare-up spurs caution, merchant hedging

The Indian rupee ended the week at 95.3250 per dollar, nearly flat for the session but down 0.1 percent for the week, as Iran-related tensions spurred caution and merchant hedging. Crude oil prices jumped earlier in the week after US President Trump said an interim agreement to end the war with Iran was over, though prices later cooled to about $75.8 per barrel. Investor focus next week shifts to consumer inflation prints in India and the US, with ANZ expecting India's retail inflation to rise to 4.3 percent year-on-year.