US-Iran Peace Deal May Keep Rally in India Stocks, Rupee Going

US-Iran Peace Deal May Keep Rally in India Stocks, Rupee Going The rupee has emerged as Asia’s best performer over the past month. This article is for subscribers only. Good morning... I’m Pratigya Vajpayee in New Delhi and the good news is we finally have a peace deal in the Middle East. With both the US and Iran saying they’ve reached an interim agreement to reopen the Strait of Hormuz, Indian equities look set to extend Friday’s gains and the rupee can also benefit against a broadly weaker dollar. The peace deal, to be signed on June 19, reduces the threat to corporate earnings from escalating energy costs even as the potential for a re-escalation between the two countries remains. [Image text:] 5VH9125 F300 EANNNA