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The rupee appreciated for the 3rd consecutive league connected Tuesday (June 16, 2026) to adjacent 5 paise higher astatine 94.53 (provisional) against the U.S. dollar, supported by easing West Asia tensions and extended autumn successful crude lipid prices.
Forex traders said that with the reported de-escalation of the U.S.-Iran struggle and diplomatic agreements regarding the Strait of Hormuz, the contiguous menace to planetary vigor supplies has importantly reduced.
Moreover, softening of the U.S. dollar and a diminution successful U.S. treasury yields besides supported the USD/INR pair, they said.
At the interbank overseas exchange, the rupee opened astatine 94.69 against the U.S. dollar and traded successful the scope of 94.48-94.71. Eventually, it settled astatine 94.53 (provisional), up 5 paise from its erstwhile close.
"We expect the rupee to commercialized with a affirmative bias arsenic planetary markets cheer the U.S.-Iran deal, which has boosted planetary hazard sentiments. Declining US dollar and falling crude lipid prices whitethorn further enactment the rupee.
"Easing ostentation concerns and expectations of caller overseas inflows whitethorn besides enactment the rupee. USDINR spot terms is expected to commercialized successful a scope of 94.10 to 94.90," said Anuj Choudhary, Research Analyst astatine Mirae Asset ShareKhan.
On Monday (June 15), the rupee strengthened by 60 paise to settee astatine 94.58 against the U.S. dollar.
In the past 3 trading sessions, the USD/INR brace has gained 132 paise against the U.S. dollar.
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.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading astatine 99.61, little by 0.01%.
Brent crude, the planetary lipid benchmark, was trading down 1.68% astatine $81.77 per tube successful futures trade.
"For India, which imports astir 90 per cent of its lipid requirements, little crude prices are often similar a favourable upwind down a vessel supporting the rupee," CR Forex Advisors MD Amit Pabari said.
On the home equity marketplace front, Sensex rallied 544.15 points to settee astatine 76,808.48, portion the Nifty climbed 135.25 points to 23,989.15.
Foreign organization investors turned buyers, purchasing equities worthy ₹200.05 crore connected a nett ground connected Monday (June 15, 2026), according to speech data.
Meanwhile, U.S. Vice-President J.D. Vance volition pb the U.S. delegation for the in-person signing of the bid woody with Iran successful Switzerland connected Friday, President Donald Trump said.
Both Mr. Trump and Mr. Vance person electronically signed the model statement with Iran's pb negotiator Mohammad Bagher Ghalibaf, according to a elder U.S. authoritative quoted by The New York Times.
The Strait of Hormuz, located betwixt Iran and Oman, is considered 1 of the world's astir important vigor chokepoints, carrying a important stock of planetary lipid and liquefied earthy state exports.
