Rupee inches up, Iran deal longevity worries and hedging drag (opens original article in a new tab)

The Indian rupee rose modestly amid scepticism over the U.S.-Iran truce and importer hedging activities. Uncertainty about the deal's longevity and details persists, with oil prices slightly declining.

• Indian rupee rose 0.1% to 94.6175 against the U.S. dollar
• Scepticism over U.S.-Iran truce longevity and importer hedging limited rupee gains
• U.S.-Iran deal extends ceasefire by 60 days but uncertainty remains about its durability