The Indian rupee drifted higher on Tuesday, buoyed by a decline in oil prices on optimism over potential mediation in the U.S.-Iran war, while strong inflows tied to the central bank's recent policy measures also aided sentiment.
The rupee rose 0.2% to 96.25 per dollar, as of 12 noon IST. The currency had fallen past 96.50 in the previous session to an over two-month low.
