The Indian Rupee rises near 95.00 per USD amid easing crude prices on US-Iran negotiation progress.
The Indian Rupee (INR) opened higher against the US Dollar (USD) on Thursday, recovering from a sharp decline the previous session. The USD/INR pair fell to near 95.00, supported by a continued drop in oil prices as talks between the US and Iran showed signs of progress.
Oil prices have been a key driver of INR movements, with lower crude costs reducing India’s import bill and improving its trade balance. The rupee had faced pressure earlier in the week due to global risk sentiment but found support as energy markets stabilized.
No immediate market reaction data was reported, though the rupee’s move reflects broader trends in commodity and currency markets.