USD/INR falls at open as de-escalating Israel-Iran conflict improves market sentiment

  • The Indian Rupee (INR) rises to near 85.95 at the open against the US Dollar (USD) on Tuesday. The USD/INR pair faces selling pressure as fresh signs of de-escalation in tensions between Israel and Iran have slightly increased the risk appetite of investors, a scenario that lifts demand for riskier currencies, such as the Indian Rupee.