FX & Currency #rupee#crude oil
Rupee rallies to five-week high on crude oil plunge; RBI measures add to momentum
The Indian rupee strengthened to a five-week high of 94.71 against the US dollar on Monday, supported by a sharp drop in crude oil prices after a preliminary US-Iran agreement and by RBI measures to attract dollar inflows. Traders and economists see further support for the currency, though the central bank's willingness to allow gains remains a key factor.
Jun 15, 2026 1 source