USD/INR extends losses as Iran-Israel ceasefire weighs on Oil, US Dollar

  • The USD/INR pair falls on Tuesday for a third consecutive day, as a pullback in global Crude Oil prices and a weaker Greenback improved the outlook for India's trade balance. Sentiment improved after US President Donald Trump announced on social media that Iran and Israel have agreed to a ceasefire, easing the tensions that had kept energy markets on edge in the past days.