Indian Rupee Surges 0.8% as Oil Prices Plunge on U.S.-Iran Peace Deal Reports
The Indian rupee climbed nearly 0.8% on Wednesday as reports of a potential peace deal between the United States and Iran sent crude oil prices tumbling. The USD/INR pair dropped to an intra-day low of 94.31, marking a significant gain for India’s currency. Brent crude oil futures plunged nearly 7% following reports from Axios that…
