Rupee rises as oil prices fall on US Iran deal progress
The Indian rupee rose to 95.0725 per dollar as oil prices eased on signs of a U.S. deal with Iran. Forward premiums fell while regional Asian markets rallied.
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The Indian rupee rose 0.2% to 95.0725 per dollar on Wednesday morning. It recovered from a record low of 95.4325 hit during the previous session. Lower energy costs and easing Middle East tensions provide critical relief for the oil-dependent India economy.
