Forex traders said the rupee opened on a positive note as Brent crude has fallen below $79 per barrel, with markets pricing in the reopening of the Strait of Hormuz following the US-Iran peace framework.
The Indian Rupee continued its recovery, settling at 94.50 against the US dollar. This positive movement was primarily driven by a significant drop in Brent crude prices, now below $79 per barrel. Additionally, a weaker US dollar and market expectations of the Strait of Hormuz…
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