On June 9, the Indian rupee appreciated by 24 paise, reaching 95.47 against the US dollar, following a pullback in Brent crude prices and supportive measures from the Reserve Bank of India (RBI). The rupee had previously hit a four-week low of 95.71. Brent crude prices fell to $93 a barrel after a temporary easing of tensions between Iran and Israel, which had previously threatened to escalate. The RBI's recent guidelines for foreign currency non-resident deposits (FCNR-B) and external commercial borrowings (ECBs) are anticipated to facilitate $30 billion to $40 billion in foreign inflows, enhancing liquidity and potentially strengthening the rupee further. Amit Pabari, managing director at CR Forex Advisors, indicated that geopolitical sentiment could influence the USDINR exchange rate, with expectations of it stabilizing between 94.80 and 96 depending on future developments. These measures by the RBI are part of a broader strategy to improve liquidity conditions and alleviate funding pressures on banks, which have been under strain in recent months.