The INR lost 7 paise to 76.25 per US dollar in last session as local equities slumped. The benchmark indices suffered heavy losses throughout the trading session on Monday, following a long weekend. The bourses were dragged due to a major sell-off in IT, bank and financial service scrips. Crude oil prices moved up further, extending a rally above $100 per barrel as Russia continued its attacks in major cities in Ukraine. Indias inflation based on wholesale price index (WPI) stood at 14.55% in March 2022 compared with 7.89% in March 2021.
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