India, June 16 -- The Indian rupee appreciated 5 paise to 94.53 against the US dollar in early trade on Tuesday, supported by a sharp decline in global crude oil prices and easing geopolitical tensions in the Middle East.
According to forex market participants, the reduction in concerns over potential disruptions to global energy supplies has improved sentiment toward emerging-market currencies, including the rupee. The easing of tensions in the Middle East has reduced risk premiums in oil markets, providing support to the domestic currency.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....