Rupee drifts as markets await Iran peace deal news
The rupee dipped to 94.83 as investors awaited news on a potential Iran peace deal. Lower oil prices have helped ease bearish sentiment in the options market.
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Xurve View
The India rupee fell 0.2% to 94.83 on Thursday morning after retreating from the previous session's best day in a month. A U.S. peace proposal under Iranian review has shifted focus to geopolitical risks. Energy cost relief and easing bearish sentiment in derivatives markets are supporting the currency.
