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Rupee Poised for Gains as Oil Retreats and Risks Ease

The Indian rupee is expected to open stronger on Wednesday as oil prices decline and diplomatic efforts between the U.S. and Iran boost global risk appetite.

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The India rupee is expected to open stronger on Wednesday, buoyed by a significant retreat in global oil prices and renewed optimism regarding diplomatic engagements between the United States and Iran. Market projections suggest the rupee will start the session in the 93.14-93.18 range against the U.S. dollar, an improvement from its Monday settlement of 93.3750. Local markets remained closed on Tuesday for a holiday.

A pedestrian passes the Reserve Bank of India headquarters featuring a large Rupee symbol in Mumbai, India, captured on April 8, 2026. REUTERS/Francis Mascarenhas/File Photo
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