The Indian Rupee rises as the US Dollar declines amid geopolitical tensions in the Middle East, extending Thursday’s recovery.
The Indian Rupee (INR) advanced against the US Dollar (USD) in early trading Friday, extending gains from the previous session. The USD/INR pair dropped to near 95.22 as the US Dollar faced broader selling pressure.
The decline follows a recovery trend observed on Thursday, driven by geopolitical uncertainties in the Middle East. Market participants remain cautious amid escalating tensions between the US and Iran, which have weighed on the USD.
No immediate market reaction data was provided, but the INR’s movement reflects ongoing shifts in global risk sentiment and dollar dynamics.