Rupee Rises Sharply by 65 Paise on Iran-Israel Ceasefire Hopes, Oil Drops Below $70
Pointers Rupee rose by 65 paise to ₹86.13 vs USD in early trade (June 24). Triggered by Trump’s announcement of an Iran-Israel ceasefire. Crude oil prices fell 2.73% to $69.53, reducing import pressure. US dollar index weakened to 98.13, aiding rupee strength. Sensex surged 930 pts, Nifty up 279 pts, boosting market sentiment. The rupee […]
Indian Rupee and Bonds Face Pressure as US-Iran Tensions Escalate
📍 Mumbai | The Indian rupee and government bonds are expected to come under pressure this week after a U.S. strike on Iran’s nuclear sites, marking a sharp escalation in Middle East tensions. The move, aligned with ongoing Israeli military actions, has sparked fears of retaliation from Tehran and renewed global uncertainty. 📉 Rupee Reaction […]