India, May 25 -- Indian shares closed Monday's session on a buoyant note as hopes for a U.S.-Iran peace deal sent oil prices sharply lower and eased inflationary concerns.
Oil prices tumbled nearly 5 percent and the rupee extended gains for a third straight session to hit a two-week high at around 95.28 to the dollar after U.S. President Donald Trump said on Saturday a peace deal with Iran had been "largely negotiated."
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