Indian Rupee holds gains on stock surge and softer oil, Middle East tensions persist
The post Indian Rupee holds gains on stock surge and softer oil, Middle East tensions persist appeared on BitcoinEthereumNews.com.
INR recovers slightly on Friday, lifted by gains in domestic Stocks and a softer US Dollar. Brent Crude Oil trims recent gains but holds a weekly rise of over 4% so far as Middle East tensions persist. Equity benchmarks Sensex and Nifty rally over 1% each, snapping a three-day losing streak. RBI minutes showed CPI forecast cut to 3.7% for FY26; retail inflation hit a 75-month low at 2.82% in May. The Indian Rupee (INR) snaps its three-day losing run against the US Dollar (USD) on Friday, recovering modestly after hitting a three-month low the previous day. A softer Greenback and a pullback in Crude Oil prices lent support to the Rupee, as traders digest US President Donald Trump’s two-week delay to decide if the US will step into the Israel–Iran air conflict. USD/INR is drifting lower during the American trading hours, last seen trading around 86.60 at the time of writing. The pair has eased from its multi-month high but remains up over 0.50% for the week, underpinned by elevated Crude Oil prices amid the ongoing Iran–Israel conflict. While Trump’s two-week window to decide about Iran has temporarily calmed fears of an immediate escalation, risk appetite stays fragile as the conflict entered its eighth day on Friday with continued missile strikes and no clear path to de-escalation. Investors remain cautious that any miscalculation could disrupt energy flows and weigh further on emerging market currencies like the Rupee, particularly if Crude Oil prices reverse course and climb higher again. Market Movers: Oil, Equities, Geopolitics shape Rupee moves The Indian Rupee edged higher on Friday, aided by strength in domestic equity markets, which helped lift sentiment. A relatively steady trend in global Crude Oil prices also provided some relief to the energy-import-reliant currency. Fresh domestic data is reinforcing India’s growth outlook.…
