India, May 25 -- The Indian rupee gained 40 paise to trade at 95.20 against the US dollar in early Monday trade, supported by improving global sentiment amid expectations of a possible peace agreement between the US and Iran.
According to forex market participants, the rupee opened higher after reports suggested that both nations had made significant progress in negotiations aimed at ending the nearly three-month-long conflict, despite continuing disagreements over major issues, including restrictions around the Strait of Hormuz.
Meanwhile, US President Donald Trump reportedly advised negotiators to avoid rushing the agreement, stressing the importance of reaching a well-structured and balanced deal.
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