Rupee drifts as oil dips; hawkish Fed risks, importer flows cap gains (opens original article in a new tab)

The Indian rupee remained stable as U.S.-Iran peace talks reduced oil prices, but concerns over potential U.S. rate hikes limited gains.

• Indian rupee traded in narrow range as U.S.-Iran talks lowered oil prices
• Federal Reserve rate hike expectations kept traders cautious
• Brent crude fell 1.5% to $79.4 per barrel