The Indian rupee strengthened by 18 paise against the US dollar on Wednesday, opening at 94.42 compared to its previous close of 94.60. The domestic currency touched its strongest level since May 7, 2026, reflecting improved investor sentiment and easing concerns over India's import bill.
Global and Indian financial markets reacted strongly on Monday after the United States and Iran announced a framework agreement aimed at ending hostilities and restoring stability in West Asia.
