Indian currency appreciated for the fourth consecutive session on Wednesday, closing at ₹94.6 a dollar as easing tensions between U.S. and Iran cooled crude oil prices.As clarity emerged over the Iran-U.S. deal, crude oil prices fell to pre-conflict levels. As of June 17, Brent Crude Futures were trading at over $80 a barrel. “The local currency outperformed its Asian peers as crude oil prices continued to soften, driven by expectations of easing energy supply pressures from a potential US-Iran deal. Investor focus now shifts entirely to today’s FOMC meeting, which is expected to dictate the dollar’s short-term trajectory. Technically, spot USDINR faces resistance at 95.10, with key support holding at 94.10,” said Dilip Parmar, Research Analyst at HDFC Securities Published - June 17, 2026 08:27 pm IST