Key facts
- The Indian rupee closed at 94.56 against the USD, extending gains for a third consecutive session.
- Traders are awaiting details of a tentative U.S.-Iran peace deal and guidance from the U.S. Federal Reserve.
- Indian government bonds traded in a tight range.
- Crude oil prices dropped to near $80 a barrel.
The Indian rupee extended its gains for a third consecutive session, closing at 94.56 against the U.S. dollar. The rupee had edged up 0.1% to 94.6175 earlier in the session, with gains capped by concerns over the longevity of a U.S.-Iran truce and importer hedging.