The won’s USD/KRW pair declined 0.4%, the Singapore dollar’s USD/SGD edged down 0.2%, the yen’s USD/JPY, the yuan’s onshore pair USD/CNY ticked 0.1% lower each, while the Australian dollar’s AUD/USD pair jumped 0.5%

Asian currencies firmed on Monday, with the Indian rupee leading gains, as an interim Iran-U.S. peace agreement boosted risk appetite, while investors braced for a week packed with central bank meetings.

The Indian rupee led gains, with the USD/INR pair dropping 0.5% to 94.59 rupees – its lowest since early May. The pair had hit a record high of 97 rupees last month.

The prospect of lower crude prices, a key positive for oil-importing India, fuelled expectations of renewed foreign portfolio inflows.

The won’s USD/KRW pair declined 0.4%, while the Singapore dollar’s USD/SGD edged down 0.2%.

The yen’s USD/JPY and the yuan’s onshore pair USD/CNY ticked 0.1% lower each.

The Australian dollar’s AUD/USD pair jumped 0.5%.

The Bank of Japan is expected to raise interest rates to 1% on June 16, which would mark the highest level in more than three decades.

Meanwhile, the Reserve Bank of Australia is forecast to keep policy unchanged on Tuesday.

Indonesia, Taiwan, and the Philippines will announce interest rate decisions this week.

Attention is now turning to a busy week for central banks across the world.

One of them, the U.S. central bank, concludes its two-day policy meeting on June 17 and is widely expected to leave interest rates unchanged, though investors will closely watch updated economic projections and guidance from bank’s Chair Kevin Warsh.

Brent crude futures declined almost 5%, easing concerns about energy-driven inflation.

While it is certainly good news for the global economy and Asia that a deal has been announced, whether this sticks and remains viable depends among other things on the details of the negotiated terms, which are not out yet, MUFG analysts said in a note.