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Rupee appreciates for 3rd straight day on easing West Asia tensions
The rupee appreciated for the third straight session on Tuesday to close 5 paise higher at 94.53 (provisional) against the US dollar, supported by easing West Asia tensions and extended fall in crude oil prices. Forex traders said that with the reported de-escalation of the US-Iran conflict and diplomatic agreements regarding the Strait of Hormuz, the immediate threat to global energy supplies has significantly reduced. Moreover, softening of the US dollar and a decline in US treasury yields also supported the USD/INR pair, they said. At the interbank foreign exchange, the rupee opened at 94.69 against the US dollar and traded in the range of 94.48-94.71. Eventually, it settled at 94.53 (provisional), up 5 paise from its previous close. "We expect the rupee to trade with a positive bias as global markets cheer the US-Iran deal, which has boosted global risk sentiments. Declining US dollar and falling crude oil prices may further support the rupee. "Easing inflation concerns and ..
INR flat though weak dollar keeps overall sentiments supported
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Rupee Extends Rally, Closes At 94.53 Against US Dollar As Crude Oil Prices Fall
In the past three trading sessions, the USD/INR pair has gained 132 paise against the US dollar.
Rupee strengthens to 94.61 against dollar as US-Iran deal keeps oil prices subdued
Indian rupee opens higher at 94.61 against US dollar, extends gains as lower crude prices and the Iran-US peace agreement shape near term currency outlook.
Rupee hits 5-week high versus dollar, stocks sprint as crude oil cools
Indian markets rallied as easing West Asia tensions and a sharp fall in crude oil prices boosted the rupee, bonds and equities
Rupee strengthens sharply as crude plunges; bond yields fall to 2-month low
The Indian currency strengthened against the dollar as crude oil prices declined sharply, while benchmark bond yields fell to their lowest level in two months
Damage control? Anthropic rushes to Washington amid White House ban on top AI models ahead billion-dollar IPO
Anthropic has reportedly flown senior technical staff to Washington for face-to-face talks with White House officials after US export controls forced the AI company to take its most powerful Claude models offline worldwide.
Rupee Jumps 47 Paise To 94.71 Against Dollar As Oil Prices Tumble After US-Iran Deal
The rupee had jumped 67 paise to close at 95.18 against the greenback on Friday.
Gold, silver gain in MCX trade on US-Iran peace deal optimism
Gold and silver prices rebound on MCX as easing West Asia tensions, softer crude and a weaker US dollar lift bullion, with traders eyeing Fed rate signals.
Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions
Silver prices rallied by Rs 6,066 to Rs 2.52 lakh per kilogram in futures trade on Monday as easing geopolitical tensions in West Asia and a weaker US dollar improved sentiment in the bullion market. On the Multi Commodity Exchange, the white metal for July delivery surged Rs 6,066, or 2.46 per cent, to Rs 2,52,252 per kilogram in a business turnover of 11,420 lots. In the past week, silver fell Rs 2,351, or nearly 1 per cent, to Rs 2.46 lakh per kg. The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. In a post on Truth Social, US President Donald Trump said, "The deal with the Islamic Republic of Iran is now complete," adding that he had authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. In the international markets, Comex silver futures for July contract
Rupee strengthens, bond yields fall after US-Iran peace deal eases oil worries
The US-Iran peace agreement led to a drop in crude oil prices, boosting sentiment in emerging markets. The rupee traded at 94.6850 against the dollar, benefiting India, a major crude oil importer.
INR soars well under 95 per US dollar mark as local equities extend gains
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