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Rupee inches up after oil slips on US Iran deal hopes and forward premiums cool
Economy
Published on 6 May 2026
A looming deal shifts oil and gives rupee breathing room
The Indian rupee rose 0.2% to 95.07 per dollar as broader Asian markets rallied on hopes of a US Iran deal that eased oil prices. The improvement offered respite after the currency had hit a record low, while forward premiums retreated. Traders say oil remains the key swing factor for what happens next.
- Rupee gained 0.2% to 95.07 versus USD
- Oil eased on US Iran deal hopes, lifting Asian risk sentiment
- Forward premiums cooled, signaling less immediate pressure
- Oil price direction will likely drive next rupee moves
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times