Rupeе weakens on Iran talks deadlock; RBI seen cushioning fall

Rupeе weakens on Iran talks deadlock; RBI seen cushioning fall — The Indian rupee came under pressure due to escalating geopolitical tensions from stalled Iran nuclear talks, affecting oil flows and investor sentiment. However, sustained RBI intervention is acting as a 'reliable' buffer against sharper depreciation. The currency traded near 83.45 per USD, with market watchers noting limited near-term upside until clarity emerges.

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