The Indian rupee held steady as easing U.S.-Iran tensions lowered oil prices, boosting sentiment. However, anticipation of potential U.S. Federal Reserve rate hikes kept traders watchful. Importer demand also capped rupee gains. Despite a roadmap for a U.S.-Iran deal, analysts suggest Asian currencies may face continued pressure from a strong dollar and the need for tighter monetary policy.
The Indian rupee held steady as easing U.S.-Iran tensions led to lower oil prices, providing a boost to sentiment. However, the rupee's gains were capped by anticipation of potential U.S. Federal Reserve rate hikes and persistent importer demand. Analysts suggest Asian…
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