Indian Rupee Trades Mixed Amid Easing Oil Prices and US-Iran Tensions
The Indian rupee showed mixed movements against the US dollar on June 29, trading within a 94-95 range amid easing crude oil prices and ongoing geopolitical tensions between the US and Iran. While lower oil prices and foreign capital inflows supported the rupee, a firm US dollar and renewed Middle East hostilities limited gains. The Reserve Bank of India’s steady forex reserves and policy measures helped stabilize the currency, though market participants remain cautious ahead of key US economic data and potential crude price rebounds.
