Asian markets fall on inflation pain; higher oil prices dent Indian rupee

BENGALURU: The energy-sensitive Indian rupee weakened on Monday, hurt by higher oil prices on concerns over tighter global supply, while other Asian currencies traded lower against a firmer U.S. dollar as inflationary pressures broadened.

Denting the region's sentiment were expectations of a further aggressive U.S. rate policy tightening even as investors placed cautious bets coming out of a holiday-extended weekend.