Mumbai: The rupee trimmed some losses, trading 15 paise lower at 72.78 against the US currency in late morning deals on sustained month-end demand for dollar from importers, amid surging crude oil.
Caution ahead of the US Federal Reserve’s policy meeting outcome Wednesday on likely interest rate hike also weighed on the rupee sentiment.
Brent crude oil rose to the highest level in four years after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump for action to raise global supply. (PTI)
