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Friday, June 12, 2026

Rupee rebounds 67 paise to 95.18 against US dollar as oil prices tumble on Iran deal hopes

The Indian Rupee experienced a significant surge, climbing 67 paise to close at 95.18 against the US dollar. This robust recovery was primarily fueled by a sharp decline in global crude oil prices, following US President Donald Trump's indication of an imminent deal with Iran. Positive domestic equity market trends and a weaker US dollar further bolstered the rupee's performance.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Q3fjHpg

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