Rupee touches six-week high on oil slump, RBI effect lingers

India's rupee climbed to a six-week high of about 94.44 per US dollar, gaining roughly 1.2% over six sessions. The rally is driven by falling Brent crude (around $78.61), an interim US-Iran peace deal easing oil supply concerns, and RBI measures to attract dollar inflows, with overseas investors pumping over $2 billion into domestic bonds in eight sessions. Foreign equity outflows have also moderated to an average of 22.6 billion rupees daily since the announcement, compared with 45.12 billion rupees during the Iran conflict period.