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Re rises on hopes of US-Iran deal
Financial Express Bengaluru
|June 13, 2026
THE RUPEE GAINED on Friday as hopes of a US-Iran peace deal eased oil prices. The domestic currency gained 64 paise to 95.12 against the dollar, according to Bloomberg.
Reports suggested that the US and Iran could reach a deal to reopen the Strait of Hormuz. With the growing optimism on the peace deal, oil prices cooled under the $90 level, the level last seen in early-March. Oil prices declined 3.76% to $86.62 per barrel on Friday.
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