The United States and Iran remain without a breakthrough agreement after a two-hour high-level meeting at the White House on Friday. The administration of US President Donald Trump has made it clear that no deal will be signed unless it aligns with American interests and satisfies the president's key conditions.
The Indian rupee recovered 61 paise after touching a record low as Donald Trump signalled progress in Iran peace talks. Softer crude oil prices improved investor sentiment, supporting the currency. However, elevated oil prices, rising US Treasury yields, and pressure on India’s forex reserves continue to challenge the rupee outlook.
