USD/INR recovers amid US-Iran uncertainty over one-page proposal

AI Briefing

• – USD/INR recovers in late trade amid uncertainty over US-Iran tensions, ending at 74.30, up 0.1% from its previous close.
• – The dollar had rallied to a three-month high on Tuesday on concerns over Iran's nuclear deal with the US and Iran's response.
• – Markets await the outcome of a one-page US proposal to revive the deal, which is due to be announced by the US and Iran today.