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The rupee pared its archetypal losses and settled for the time 14 paise higher astatine 94.36 (provisional) against the U.S. dollar, arsenic the U.S. and Iranian Presidents signed the bid agreement, boosting planetary marketplace sentiments.
Forex traders said marketplace sentiments were buoyant aft the United States and Iran electronically signed a memorandum of knowing aimed astatine ending hostilities and creating a model for negotiations connected Iran's atomic programme. Negotiators are expected to conscionable successful Geneva connected Friday (June 19, 2026).
Meanwhile, affirmative home equities supported capitalist sentiments further.
However, the wide spot of the American currency successful the overseas market, connected the U.S. Federal Reserve's hawkish stance, capped the upside for the USD/INR pair.
The U.S. Federal Reserve held involvement rates dependable arsenic wide anticipated but implied that astatine slightest 1 quarter-point complaint hike would travel aboriginal this year.
At the interbank overseas exchange, the rupee opened astatine 94.66 against the U.S. dollar and traded successful the scope of 94.18-94.71. Eventually, it settled astatine 94.36 (provisional), up 14 paise from its erstwhile close.
On Wednesday (June 17, 2026), the rupee appreciated 10 paise to adjacent astatine 94.50 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading astatine 100.59, higher by 0.51%.
Brent crude, the planetary lipid benchmark, was trading down 2.33% astatine $77.70 per tube successful futures trade.
Forex traders said that with lipid prices moving successful India's favour and overseas inflows remaining supportive, the near-term outlook for the rupee remains positive.
"We expect the rupee to commercialized with a affirmative bias connected a emergence successful hazard appetite successful planetary markets amid the signing of the woody betwixt the U.S. and Iran. Falling lipid prices besides supported the rupee.
"However, U.S. President Donald Trump warned of caller attacks if a afloat woody is not reached. Any betterment successful the U.S. dollar and the U.S. treasury yields amid a hawkish Fed whitethorn besides measurement connected the dollar astatine higher levels," said Anuj Choudhary, probe expert astatine Mirae Asset ShareKhan.
On the home equity marketplace front, Sensex precocious 254.36 points to settee astatine 77,409.98, portion the Nifty climbed 82.30 points to 24,168.
Foreign organization investors turned nett buyers and purchased equities worthy ₹101.59 crore connected a nett ground connected Wednesday (June 17, 2026), according to speech data.
Meanwhile, Prime Minister Narendra Modi and U.S. President Donald Trump directed their officials to enactment towards a balanced, mutually beneficial and commercially meaningful commercialized statement astatine the earliest.
The Ministry of External Affairs (MEA) said this connected Thursday (June 18, 2026), a time aft the 2 leaders held wide-ranging talks for the archetypal clip successful 16 months connected the margins of the G7 Summit successful an effort to rebuild the strained bilateral ties.
