Rupee rebounds to 94.30 per dollar after Sanjay Malhotra remarks

Brent crude at $72.28 per barrel

Brent crude fell over 6% to $72.28 per barrel as tanker traffic resumed through the Strait of Hormuz after a U.S.-Israel-Iran deal.
Lower oil prices are good news for India since it imports most of its oil, giving the rupee a much-needed boost.

Asian currencies struggle amid dollar strength

While the rupee is riding high, other Asian currencies are struggling because demand for US dollars remains strong amid talk of longer Fed rate hikes and steady US growth.

For India, though, a stronger rupee means cheaper imports and less inflation, definitely something to smile about.