MUMBAI, May 25 (Reuters) – The Indian rupee is set to build on its two-session rally on Monday as hopes of a deal to end the Iran war boosted risk ​appetite, while the central bank governor’s remarks on the currency are expected to ‌aid sentiment as well. Reserve Bank of India Governor Sanjay Malhotra told the Mint newspaper that the central bank will do “whatever is required” to ensure orderly movements in the foreign exchange market and that following its ​recent fall, the rupee appears undervalued. Malhotra’s remarks follow two consecutive days of firm ​central bank intervention, per traders, in

TOKYO (AP) — Asian shares mostly rose Monday and oil prices plunged after U.S. President Donald Trump said talks on ending the war with Iran are progressing. Japan’s benchmark Nikkei 225 surged 3.1% in morning trading to 65,321.56. Australia’s S&P/ASX 200 added 0.4% to 8,692.70. The Shanghai Composite edged up 0.4% to 4,127.53. Trading was closed in South Korea and Hong Kong for holidays marking Buddha’s birthday. Trading will be closed in the U.S. on Monday for Memorial Day. Trump said negotiations with Iran were “proceeding in an orderly and constructive manner.” Meanwhile, regional officials told The Associated Press on

JERUSALEM, May 24 (Reuters) – Israeli Prime Minister Benjamin Netanyahu told U.S. President Donald Trump Israel would remain free to act against threats in Lebanon ​during a phone call about an emerging agreement between Washington and Iran ‌on Saturday, an Israeli source said. Trump said Washington and Iran had “largely negotiated” a memorandum of understanding on a peace deal that would reopen the Strait of Hormuz, a ​vital shipping passage that has been effectively closed since the U.S. ​and Israel launched their war on Iran in February. “In last night’s ⁠conversation with President Trump, the Prime Minister emphasized that Israel