Indian Rupee strengthens against USD on US-Iran deal optimism
The Indian Rupee is holding onto gains against the US Dollar, with the USD/INR pair trading near 96.20.
The weakness in oil prices, with WTI Oil trading 0.7% lower at $96.27, has strengthened the Indian Rupee.
A potential US-Iran deal has led to a sharp recovery in riskier assets and weighed on oil prices, which is beneficial for oil-importing economies like India.