Rupee Advances to 94.71 as Dollar Weakens
The Indian rupee capitalized on a weaker U.S. dollar to close at 94.71, aided by a marginally narrower trade deficit. Traders are evaluating shifting macro conditions as the Bank of Japan and Reserve Bank of Australia prepare key interest rate decisions. Meanwhile, WTI crude oil tumbled over 5% following news of a U.S.-Iran agreement to reopen the Strait of Hormuz, easing energy supply concerns that recently pushed India's wholesale inflation to 9.68%.


















