Rupee extends winning streak to 3rd day, settles at 94.56 vs USD amid oil slide

The Indian rupee extended its winning streak to a third consecutive day, settling at 94.56 against the US dollar, up from the previous close of 94.71. The currency gained support from a decline in crude oil prices easing external sector pressures, alongside a pickup in global risk appetite driving flows into emerging market assets. Traders are also positioning ahead of the US Federal Reserve's policy announcement scheduled for June 17.