Rupee rises to 5-week high on US-Iran peace deal
after close1 source ↓written by the desknot a recommendation
- rupee strengthened
- 43 paise
- against the US
- 94.68
- in crude oil
- 5% drop
- is set
- 19 June 2023
The Indian rupee strengthened by 43 paise to 94.68 against the US dollar, marking its highest level in five weeks. This surge follows the announcement of a US-Iran peace deal, which has led to a 5% drop in crude oil prices, boosting market sentiment across Asia.
The formal signing of the deal is set for 19 June 2023, potentially stabilizing India's energy imports and exports.
Not investment advice. For informational purposes only.