India, May 22 -- The Indian rupee appreciated by 18 paise to trade at 96.18 against the US dollar in early deals on Friday, supported by softer crude oil prices, easing geopolitical concerns, and continued intervention by the Reserve Bank of India.
According to forex market participants, investor sentiment improved after US Secretary of State Marco Rubio indicated that diplomatic discussions related to the Iran situation were progressing positively. While he cautioned against being excessively optimistic, the remarks provided temporary relief to global markets.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....