By tredu.com • 6/20/2025
Tredu
The Indian Rupee (INR) edged higher on Friday, ending a three-day losing streak against the US Dollar (USD). The rebound is supported by a softer Greenback and a mild correction in Crude Oil prices, as well as a strong recovery in local equity benchmarks like Sensex and Nifty, both gaining over 1%.
The USD/INR pair eased to around 86.60, after briefly touching a three-month high. A weaker US Dollar, driven by a shift in risk sentiment and caution ahead of a potential US-Iran escalation, contributed to the Rupee’s gains.
While Brent Crude Oil still shows a weekly gain of over 4%, the pause in its recent rally gave some breathing room to oil-import-dependent currencies like the INR.
US President Donald Trump’s announcement of a two-week delay in deciding whether to retaliate against Iran has slightly eased geopolitical fears. However, continued missile strikes and no diplomatic breakthrough keep global markets cautious, and any sharp resurgence in oil prices could once again pressure the Rupee.
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