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Rupee Rally on Iran Thaw Puts Male and Colombo on Watch The Indian rupee climbed for a third straight session on Tuesday, trading near 82.85 to the dollar after closing at 83.12 the day before.
The move came as Omani-mediated indirect talks between Washington and Tehran appeared to inch toward a framework, dragging Brent crude back below $85 a barrel and easing the cost of doing business across the Indian Ocean rim.
For the rest of the neighbourhood, the rupee's tone tends to set the weather.
Maldivian importers price freight, fuel and most consumer staples off Indian and Singaporean dollar quotes; Sri Lankan dealers lean on Mumbai for cues even when the rupee in question is theirs.
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