India, June 16 -- The Indian rupee strengthened for a third consecutive session on Tuesday, ending 5 paise higher at 94.53 against the US dollar, supported by easing geopolitical tensions in West Asia and a continued decline in global crude oil prices.
Forex market participants said investor sentiment improved following reports of de-escalation in the US-Iran conflict and diplomatic progress concerning the Strait of Hormuz, reducing concerns over disruptions to global energy supplies.
The domestic currency also benefited from a softer US dollar and lower US Treasury yields, which provided additional support to emerging-market currencies, including the rupee.
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