Rupee strengthens by 22 paise as tension between US Iran decreases
At the interbank foreign exchange market, the rupee opened strong at 71.44 against the greenback.
At the interbank foreign exchange market, the rupee opened strong at 71.44 against the greenback.
At present only Air India uses the Iran-Iraq airspace for operations to Europe and other destinations. Currently, no Indian airline flies directly to Iran.
The yellow metal for April delivery traded higher by Rs 12, or 0.03 per cent, at Rs 40,691 per 10 gram in a business turnover of 288 lots.
"What expectations could you have from a person who pulls out from international engagement and now says let's hold talks," Ravanchi said.
Iran is India's third-largest oil supplier after Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil between April 2017 and January 2018.
