Rupee gains 0.4% this week amid US-Iran peace hopes
The rupee rose 0.4% this week to 94.40 as markets weighed U.S.-Iran peace prospects. Falling oil prices supported gains despite renewed volatility on Thursday.
The Indian rupee rose 0.4% this week to 94.40 against the dollar as hopes for a peace deal between the United States and Iran fueled volatile trading. The gain marks a recovery from a midweek low of 94.70. For investors, the currency's stability remains tied to oil price fluctuations and the risk of renewed Middle East hostilities.
### Geopolitical Tensions Drive Currency Volatility Renewed fighting on Thursday disrupted market optimism while Washington awaited a response from Tehran regarding a conflict-ending proposal. Despite the friction, U.S. President Trump said a ceasefire is still in effect.
