The Indian rupee ended Monday’s trade on a positive note, as the currency appreciated sharply, returning to the 95 territory against the greenback, and hitting a two-week high. This was aided by growing optimism over a potential peace deal between US and Iran, which helped cool off oil prices.

A slip in dollar index and supportive remarks by the RBI Governor also helped lift the sentiment for the domestic currency.

The currency started Monday’s trade on a high note, opening at 95.34 per dollar and went on to hit an intraday high of 95.10 before ending the trade at 95.23 per dollar, up 0.5% from its previous close.