Brief by Shorts91 Newsdesk / 05:12am on 24 Jun 2025,Tuesday Business
The Indian rupee surged 65 paise to 86.13 against the US dollar on Tuesday, driven by falling crude oil prices and hopes of a ceasefire between Iran and Israel. Brent crude dropped 2.73% to $69.53 per barrel after US President Trump announced a ceasefire deal, though Iran has yet to confirm it. A weaker dollar and strong domestic equity market further supported the rupee. Sensex rose 930.7 points to 82,827.49 and Nifty gained 278.95 points to 25,250.85. Forex experts also await Fed Chair Jerome Powell’s testimony, which could signal upcoming interest rate cuts in the US. (PC: X)
