Rupee snaps six-session winning streak as firmer dollar pinches

The Indian rupee snapped a six-session winning streak, ending at 94.6775 per dollar, down 0.4 percent from its Friday close after having risen about 1 percent over the prior six sessions. The decline was driven by a firmer US dollar index near the 101 handle, its highest since May 2025, as a hawkish US Federal Reserve prompted traders to add wagers on a rate hike later this year. Meanwhile, Brent crude fell nearly 2 percent after US-Iran talks in Switzerland showed progress, and the 1-year dollar-rupee forward implied yield rose 10 basis points to 2.95 percent.