The Indian rupee closed weaker as it snapped a six-session winning run on Monday, amid thin trading volumes, as dollar bids from state-run lenders outweighed the recent positive momentum. The rupee hit a six-month high of 93.69 per dollar, extending last week's rally of more than 1% but closed slightly lower at 93.9275, from the previous close at 93.9050. Some traders said state-run banks' dollar purchases could be on behalf of the central bank, whose recent measures have helped address the persistent supply-demand imbalance in the foreign exchange market. A decline in crude oil prices alleviated pressure on the Indian currency, with foreign investors returning to equities. Emkay Global's Madhavi Arora expects the Reserve Bank of India to use any sustained improvement in inflows to rebuild its foreign exchange buffers rather than allow a sharp appreciation in the rupee. The central bank's sizeable net short forward ?position and India's continuing current account funding needs are likely to cap the currency's upside. US non-farm payrolls increased by 165,000 in October against expectations of 65,000, pushing the US 10-year yield higher. A Reuters poll shows US retail inflation likely stood at 3.9% on-year in October. The data is due on Tuesday evening. The pound rose against the dollar on Monday, reversing most of Friday's decline, as the concerns over AI stocks that gave the dollar a boost at the end of last week eased and oil prices fell. The somewhat ?more positive market backdrop meant demand for safe-haven assets like the dollar cooled on Monday. Sterling was last up just over 0.5% at $1.3421, having fallen more than 0.7% on Friday. The pound was at 83.41 pence per euro, steady on the day and not far off last week's 20-month high, hit after the Bank of England raised interest rates and hinted that additional tightening is likely unless the Iran war were to de-escalate, pushing oil prices lower. Central bank policymakers and investors alike have been closely assessing the economic impact of the conflict and the energy price spike it has brought on. British gross domestic product data is due later this week, and a Reuters survey of economists is expecting it to reflect 0.7% growth in the third quarter, which would be an uptick from the previous period. The dollar weakened against major currencies including the euro and yen on Monday as easing concerns ?about an escalation in the Middle East conflict prompted investors to rotate back into risk assets following last week's selloff in artificial intelligence-linked stocks. The improved mood in markets also weighed on the safe-haven dollar, while Brent crude futures fell 3.4% to $94.99 a barrel. The euro was last up 0.57% against the dollar at $1.1204. Against the Japanese yen , the dollar weakened 0.33% to ?158.01. The risk-sensitive Australian and New Zealand dollars also rallied. The Aussie rose 0.80% to $0.6912 and New Zealand's kiwi jumped 1.29% to $0.5616, with traders also weighing the implications of too-close-to-call weekend elections in New Zealand. Brent crude futures were down almost 5% on Monday after hitting their lowest since early September, after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks continued on ships near the ?Strait of Hormuz. Brent crude futures were down $4.57, or 4.65%, at $93.75 a barrel by 12:04 p.m. EDT (1704 GMT). Their session low was $92.80 a barrel www.eforexindia.com......