Rupee strengthens to 92.56 on ceasefire and oil price drop
pre-market1 source ↓written by the desknot a recommendation
- rupee recovered
- 50 paise
- against the US
- 92.56
- recent lows near
- 95
The Indian rupee recovered by 50 paise to 92.56 against the US dollar, buoyed by a two-week ceasefire agreement between the US and Iran and a drop in crude oil prices. This marks a significant rebound from recent lows near 95, reflecting improved global sentiment. The rupee's rise continues as traders await the Reserve Bank of India's MPC decision today.
Not investment advice. For informational purposes only.