Rupee gains on lower oil prices and US-Iran optimism
The Indian rupee is set to open higher as oil prices decline on US-Iran peace talks. Gains may be capped by uncertainty over the finality of any potential deal.
Xurve View
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Xurve View
The India rupee is expected to rise against the dollar on Thursday as falling oil prices provide relief to the import-dependent economy. The currency is projected to open between 94.54 and 94.58 after gaining 0.7% to settle at 94.61 on Wednesday. Lower energy costs directly reduce India's trade deficit and ease inflationary pressure.
