USD/INR falls 0.25% to 95.15, its lowest level in over three weeks, amid easing geopolitical tensions.
The Indian Rupee strengthened against the US Dollar at the start of the trading week, extending its decline for a third consecutive session. USD/INR dropped 0.25% to 95.15, reaching its lowest level in over three weeks.
The move follows renewed optimism over a potential US-Iran agreement, reducing geopolitical risks in the region. The pair had previously traded near 95.50 last week, with markets closely monitoring developments in Middle East diplomacy.
No immediate market reaction data was provided, but the rupee’s gains reflect broader risk-on sentiment in emerging market currencies.