The Indian rupee ended the week at ₹92.7550 against the U.S. dollar, marking its second consecutive week of gains, a feat last seen six months ago. The currency initially reached a three-week high of ₹92.4150 before slipping due to a volatile trading session. Support for the rupee stemmed from the unwinding of arbitrage positions and a significant drop in crude oil prices after a two-week ceasefire was agreed upon between the U.S. and Iran. The Reserve Bank of India's new limits on banks' foreign exchange positions also contributed to the rupee's stability. However, analysts caution that this support may diminish, predicting a potential decline towards ₹93.50-94.00 levels as global uncertainties resurface. Additionally, foreign investors continue to sell off Indian equities, reflecting weak demand for Indian assets. Market participants are closely monitoring upcoming U.S. retail inflation data, which could influence interest rate expectations.