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Indian rupee strengthens against dollar amid easing geopolitical tensions
Jun-15-2026

Indian rupee strengthened against the U.S. dollar on Monday amid hopes of easing hostilities in West Asia after United States and Iran reached a peace agreement. Further, the U.S. President Donald Trump has announced lifting of the U.S. naval blockade near the Strait of Hormuz. The development has led to sharp fall in global crude oil prices with Brent crude oil prices slumping over 4% to trade near $83 a barrel. The lower crude oil prices also supported the rupee. Further, investor sentiments remained upbeat as Commerce and Industry Minister Piyush Goyal has called on French businesses to increase their investments in India’s manufacturing sector. On the global front, the British pound has strengthened against the U.S. dollar on Monday as fall in crude oil prices helped ease concerns over inflationary pressures and interest-rate hikes.

Finally, the rupee ended at 94.77 (Provisional), strengthened by 41 paise from its previous close of 95.18 on Friday. The currency touched a high and low of 94.77 and 94.45 respectively.

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