India & U.S. Dollar Index

India: India, as the world's third-largest oil importer, is highly exposed to the Iran war's economic fallout, facing mounting costs, supply disruptions for oil and fertilizer, and pressure on its economic growth and government finances.

U.S. Dollar Index: The U.S. Dollar Index has slid due to the prospect of a deal to end the Iran war, although its dominance in global oil trade is being tested.

India: India, as one of the world's largest crude importers, stands to benefit significantly from the reopening of the Strait of Hormuz and the stabilization of oil prices. Lower freight costs and reduced inflationary pressures are expected to boost its economy, stabilize the rupee, and improve its fiscal outlook.

U.S. Dollar Index: The U.S. Dollar Index posted a weaker performance against major counterparts as traders weighed shifting monetary policy signals and the implications of the US-Iran peace deal.