Rupee closes at 94.56 vs USD; US-Iran peace agreement details, Fed guidance awaited

The Indian rupee strengthened for the third day in a row. This rise was supported by positive sentiment and anticipation of a U.S.-Iran peace agreement. Lower oil prices also boosted the rupee. Traders are now awaiting details of the peace deal and guidance from the U.S. Federal Reserve. The rupee is expected to continue its appreciation in the near term.

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