Indian Rupee and Bonds Gain on Hopes for US-Iran Peace Deal
The rupee and bonds are set to gain as optimism grows for a breakthrough in the U.S.-Iran conflict. A deal could reopen the Strait of Hormuz and cut oil costs.
Xurve View
洞察:
Xurve View
The India rupee and government bonds are stabilizing after United States President Donald Trump said an Iran deal is largely negotiated. The rupee recovered to 95.69 on Friday after hitting a record low of 96.96 last week. A diplomatic breakthrough would reopen the Strait of Hormuz and ease the rise in crude oil prices by approximately 45%.
