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ForexUpdated×2•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

Markets Eye Islamabad Peace Talks as Oil Plunges Following US-Iran Ceasefire

Indian Rupee and US Dollar symbols with maps of India and USA, financial charts, coins, and dollar bills on an orange background.

Key Facts

1President Trump announced a two-week ceasefire agreement on Truth Social to initiate peace negotiations.

2Oil prices tumbled 15% as geopolitical risk premiums eroded following the ceasefire.

about 2 months ago

Version History

3 additional sources confirmed this story

Version 2about 2 months ago

What changed: The Indian Rupee's recent gains have begun to reverse as market skepticism emerges regarding the geopolitical truce, leading to a recovery in the USD/INR exchange rate.

Version 1about 2 months ago

President Donald Trump announced a two-week ceasefire agreement via Truth Social to initiate peace negotiations between the US and Iran, triggering a 15% slump in oil prices as risk premiums eroded. However, the USD/INR pair has recently recovered as market skepticism emerges regarding the durability of the geopolitical truce, reversing some of the Indian rupee's prior gains. In Asia, the Reserve Bank of India (RBI) maintained interest rates at 5.25% while downgrading growth forecasts due to regional conflict impacts. US equity markets responded positively, with the S&P 500 and Nasdaq recording their longest winning streaks since October 2025. Market participants are now shifting focus to Islamabad, where high-level peace talks are scheduled to take place over the weekend. While the "fear trade" has started to unwind, investors remain cautious regarding the potential for a lasting diplomatic resolution and its impact on global currency stability.