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The Economic Times
The Economic Times
Business

Rupee slips with Asian peers as hopes of imminent U.S.-Iran peace deal falter

Iran RBI Oil India United States Inflation MUFG Reserve Bank of India

The Indian rupee slipped on Tuesday as crude oil prices rebounded on waning optimism about the chances of an imminent U.S.-Iran peace deal.

The rupee dipped nearly 0.5% to end at 95.68 per dollar, snapping a three-session winning streak. The drop was smoothened by dollar sales from state-run banks, most likely on ‌behalf of the ⁠Reserve ⁠Bank of India.

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