Indian rupee also gains big against the US dollar (opens original article in a new tab)

The Indian rupee gained 65 paise against the US dollar amid falling global crude oil prices and potential peace talks between the US and Iran. The Reserve Bank of India intervened to stabilize the currency, which had previously weakened significantly this financial year.

• Indian rupee gained 65 paise against the US dollar on Friday
• Global crude oil prices declined sharply after US President Donald Trump indicated a potential Iran peace agreement
• Reserve Bank of India intervened to stabilize the rupee amid volatility
• Brent crude fell to $85.80 per barrel, the lowest in three months