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Rupee strengthens against dollar on Monday
May-25-2026

Indian rupee strengthened against the U.S. dollar on Monday after crude oil prices retreated amid growing optimism about a US-Iran peace deal as the US President Donald Trump said that negotiations with Iran are advancing in a constructive manner. The Brent crude oil prices have fell below $100 a barrel mark to trade near $98 per barrel. The rupee also found support from Reserve Bank of India (RBI) Governor Sanjay Malhotra’s remarks. Malhotra said that the RBI will do ‘whatever is required’ to ensure orderly price discovery in the forex market. He added that Indian rupee is not overvalued and may, in fact, be undervalued after its recent depreciation. On the global front, the Japanese yen has strengthened against the U.S. dollar on Friday, to trade above 159, amid signs that the US and Iran were moving closer to a deal that could reopen the Strait of Hormuz.

Finally, the rupee ended at 95.26 (Provisional), strengthened by 34 paise from its previous close of 95.60 on Friday. The currency touched a high and low of 95.44 and 95.12 respectively.

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