9 June 2026, 08:57 India: Rupee Rises on Softer Crude, Easing Tensions.
The Indian rupee firmed to around 95.4 per dollar, pausing losses as easing geopolitical tensions and softer crude oil prices improved sentiment across Asian markets. A drop in global energy prices to about $91 per barrel eased concerns over India's import bill, while a weaker dollar supported the domestic currency. Investors also assessed the Reserve Bank of India's recent measures aimed at attracting foreign currency inflows. Demand for dollars from importers remained firm, but the rupee's rebound from recent lows and lower hedging costs reduced aggressive dollar buying, easing short-term pressure on the currency. Regional currencies advanced as reports of a pause in hostilities between Iran and Israel lifted risk appetite. However, investors remained cautious as elevated US Treasury yields, supported by expectations of prolonged restrictive Federal Reserve policy, could limit gains in emerging-market currencies.
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