Fall in oil prices and positive developments in U.S.-Iran negotiations could lend further support, traders said.
Indian rupee gains 0.8% weekly to 94.32 as oil drops on Iran-U.S. peace talks, securing six-session gains. Geopolitical de-escalation and lower energy costs improve budget stability for tech firms with Asia-based operations or outsourcing.
Rupee may inch up on
Monday, with oil prices softening after Iran highlighted
progress in peace negotiations with the United States.The rupee rose 0.8% last week to settle at 94.32,
its best weekly performance in nearly three months. It hit a
multi-month high of 94.18 and is now on a six-session winning
Rupee drifts as oil dips; hawkish Fed risks, importer flows cap gains
Rupee snaps six-session winning streak as firmer dollar pinches
Rupee rises 14 paise to close at 94.36 against USD
Rupee touches six-week high on oil slump, RBI effect lingers
The rupee rises to a five-week high at 94.71 per dollar following US-Iran agreement, boosting currency and market confidence.
Currency seen opening at ₹94.80-94.85 per dollar with hopes of renewed dollar inflows
Rupee rises to a one-week high of 95.11 amid optimism for a US-Iran peace deal and falling crude oil prices.
Rupee strengthens to 95.23 per USD as oil prices fall and RBI hints at undervaluation amid potential US-Iran peace deal.
The rupee appreciated by 34 paise to close at 95.26 against the US dollar on Monday, marking its third consecutive session of…
The Indian rupee strengthened for the third day in a row. This rise was supported by positive sentiment and anticipation of a…
