Archive · 24 Jun 2025
Rupee Gains Most in Five Years Amid Oil Price Drop, Market Optimism
The Indian rupee had a big day, gaining the most it has in almost five years.
This happened because oil prices went down after reports that Iran and Israel might stop fighting.
A weaker US dollar also helped.
Experts think the rupee will stay between 85.75 and 86.40 against the dollar.
The stock market also went up, and experts have raised their predictions for how much India's economy will grow this year.
Rupee gained 73 paise, its biggest single-day increase in nearly five years, closing at 86.05 against the dollar.
Brent crude oil prices fell 3.19% to $69.20 a barrel following a reported ceasefire between Iran and Israel.
The rupee's rise was supported by a weaker dollar, firm domestic equity markets, and falling crude oil prices.
S&P Global Ratings raised India's GDP growth forecast to 6.5% for the current fiscal year.
The Sensex rose 158.32 points, and the Nifty climbed 72.45 points on Tuesday.
- Who
- Forex traders and investors
- What
- The Indian rupee strengthened significantly against the US dollar.
- When
- June 24, 2025
- Where
- Interbank foreign exchange
- Why
- Due to falling crude oil prices and a weaker dollar, influenced by expectations of de-escalation in Middle East tensions.
Factors Influencing Rupee
Market Sentiment
Market Drivers
Factors Influencing Rupee
Geopolitical Instability
Market Sentiment
De-escalation of Middle East tensions
- Rupee vs. USD
- 86.05
- Rupee Change
- Up 73 paise
- Brent Crude
- $69.20 per barrel
- Sensex Change
- Up 158.32 points
- Nifty 50 Change
- Up 72.45 points
- Dollar Index
- 97.94
Sources
Rupee sinks 23 paise to close at 86.78 against US dollar
Rupee Fall 23 Paise to 86.78 Against Dollar
Ongoing geopolitical tensions not to put significant pressure on rupee, inflation: S&P
Rupee rallies nearly 1% on Israel-Iran ceasefire, fall in crude rates
Rupee surges 75 paise to close at 86.03 against US dollar as global crude oil prices crash
Rupee surges 75 paise to close at 86.03 against US dollar as global crude oil prices crash
Market witnesses volatile trading session, Sensex up by 158 points
Markets close higher but trim sharp early gains amid Iran-Israel tensions
Markets end marginally higher after wild swings on West Asia ceasefire reports
Weekly rupee view: Crucial resistance ahead for the rupee
Rupee surges to biggest single-day high in a month, rises 77 paise to close at 85.98 against US dollar as oil prices ease
