Rupee inches up, Iran deal longevity worries and hedging drag

The Indian rupee edged slightly higher against the U.S. dollar, supported by a U.S.-Iran truce, though gains were capped by importer hedging and skepticism over the deal's durability. Traders are monitoring whether the peace agreement will reopen the Strait of Hormuz and ease oil prices, while also awaiting the U.S. Federal Reserve's interest rate decision for further direction.