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Indian Rupee Edges Higher Ahead of RBI Policy Deadline

The rupee rose to 93 per dollar as banks unwound arbitrage positions before an RBI deadline. Premiums fell while traders watched U.S.-Iran ceasefire talks.

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The national currency of India showed strength on Tuesday as financial institutions moved to close out arbitrage positions ahead of a looming regulatory deadline. The rupee was observed trading just above the 93 per dollar mark during the morning session, showing resilience even as other regional currencies faced downward pressure.

A display of Indian currency notes on a newspaper at a currency exchange stall in Delhi. REUTERS/Anushree Fadnavis
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