New Delhi, May 14 -- The rupee opened 2 paise lower at 95.73 against the US dollar on Thursday, 14 May, weighed down by persistent oil-related pressures that have lingered in recent weeks. It had settled at 95.7050 in the previous session, after hitting a lifetime low of 95.7950.

Brent crude prices remained relatively stable around $106 per barrel as investors awaited an important meeting between Donald Trump and Xi Jinping, with the ongoing conflict in Iran the primary concern.

Despite Trump suggesting that US efforts to address the 11-week conflict might not hinge on China's involvement, he is expected to ask for Xi's backing during their talks.

(more to come)

Published by HT Digital Content Services with permission from MINT....