Rupee rises 53 paise to close at 95.05 against U.S. dollar
The rupee appreciated by 53 paise, closing at 95.05 against the U.S. dollar, driven by optimism over a peace deal between the U.S. and Iran. This rise followed a decline in crude oil prices and a weakening U.S. dollar. Market analysts expect the rupee to maintain a slight positive bias, although potential escalations in U.S.-Iran relations could impact its stability.
- ▪The rupee closed at 95.05 against the U.S. dollar, up 53 paise from the previous close.
- ▪The appreciation was influenced by a tentative agreement to extend the U.S.-Iran ceasefire for 60 days.
- ▪Crude oil prices fell by 1.81%, contributing to the rupee's strength.
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The rupee appreciated 53 paise to close at 95.05 (provisional) against the U.S. dollar in early trade on Friday (May 29, 2026), as renewed optimism over the peace deal between the U.S. and Iran boosted market sentiments.Forex traders said the USD/INR pair appreciated on an overnight decline crude oil prices and a fall in the U.S. dollar, after the U.S. and Iran reached an understanding to extend the ceasefire for another 60 days.On Thursday (May 28, 2026), the U.S. and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran's nuclear programme. Stock markets climb in early trade amid drop in oil pricesAt the interbank foreign exchange market, the rupee opened at 95.77 against the U.S.
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