Indian rupee holds near 94.40 per dollar as softer oil offsets hawkish Fed risks

Iran and the United States held a first round of talks in Switzerland and agreed on a framework to reach a final deal within 60 days. The discussions came after Iran said it had again closed the Strait of Hormuz, stoking fears of supply disruptions. As tensions appeared to ease, Brent crude futures fell about 1.5% to $79.4 a barrel, well below the late-April peak of $126.4.