Rupee rally: Currency rises 34 paise against dollar amid hopes of US-Iran peace deal

May 26, 2026 - 01:30
Rupee rally: Currency rises 34 paise against dollar amid hopes of US-Iran peace deal

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The Indian rupee strengthened significantly against the US dollar, closing at 95.26, driven by positive global sentiment surrounding a potential US-Iran peace deal and easing West Asian tensions. RBI Governor's assurance of orderly forex market movements and positive remarks on the rupee's valuation also boosted confidence.

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