Rupee rallies to five-week high on crude oil plunge; RBI measures add to momentum

US-Iran agreement: Rupee touches 5-week high

Indian rupee touched a five-week high (94.46) as the US-Iran agreement reduced West Asia tensions and crude oil sank to three-month lows; India's RBI simultaneously announced capital measures targeting $40-55 billion inflows. Stronger currency and lower oil imports expand IT spending in emerging markets and shrink forex risk on India's offshore services, a core supply-chain dependency for global enterprises.