Rupee Slips 9 Paise to 94.42 as US-Iran Talks Lift Indian Stocks
Updated
Updated · The Indian Express · Jun 22
Rupee Slips 9 Paise to 94.42 as US-Iran Talks Lift Indian Stocks
3 articles · Updated · The Indian Express · Jun 22
Summary
94.42 per dollar — the rupee weakened by 9 paise in early Monday trade, giving back part of last week’s 0.8% gain despite improving risk sentiment.
US-Iran talks in Switzerland helped calm supply fears, pushing Brent crude down 1.7% to $79.24 a barrel after Iran said discussions with US Vice President JD Vance made good progress.
Indian equities opened stronger on that backdrop: the Nifty 50 rose 0.5% to 24,129 and the Sensex gained 0.51% to 77,190.36, with all 16 major sectoral indexes higher.
Tehran said the first round secured waivers for oil and petrochemical exports, the release of some frozen assets and support for reconstruction, a signal that lower oil prices could keep supporting India-facing markets.