Global Oil Benchmark Brent crude, futures trade rose 7.27% to 7.27% to $ 74.40 per barrel. Representative file image. , Photo Credit: AP
The rupee dropped 55 money to 86.07 (provisional) against the US dollar on Friday (June 13, 2025), a firm dollar due to a firm dollar due to a firm dollar amid growing tension in the Middle East after the Spike in global oil prices and the Israeli attack on Iran’s nuclear sites.
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Global Oil Benchmark Brent crude, futures trade rose 7.27% to 7.27% to $ 74.40 per barrel.
At the Interbank Foreign Exchange, the rupee opened against Greenback at 86.25 and traded at 86.07 (provisional) at 85.92–86.25 before closing, which was 55 money from its previous nearly. The local unit settled on Thursday (June 12, 2025) at 85.52.
Forex traders said that the outflow of weak domestic equity markets and FIIs contributed to the decline in the local unit.
Treasury and Executive Director, Finerex Treasury Advisors LLP chief Anil Kumar Bhansali said, “The rupee fell at a low of 86.25 before the closure of 86.07 before it was closed by 85.92. It has taken the military strike of one country to bring home the delicate markets on the other.”
“RBI supported the rupee … oil prices were a matter of concern as an increase of $ 10 increases in trade deficit $ 12 billion and CPI inflation by 50 BPS,” he said.
In the domestic equity market, 30-shyer BSE Sensex arranged 573.38 points at 81,118.60, while the Nifty fell 169.60 points, to 24,718.60.
The dollar index, which detects the strength of greenback against a basket of six currencies, increased 0.33% to 98.24.
According to exchange data, foreign institutional investors (FII) on Thursday (June 12, 2025) launched the price of 3,831.42 crore on a net basis.
“The FPI remained a US dollar equity and seller of buyers, while oil companies bought dollars on rising oil prices. Iran has shut down its airspace, affecting our airline routes before the closure of the route by Pakistan.
He said, “For Monday (June 16, 2025), we hope that the rupee will trade in the same range of 85.75-86.50 as we wait to release India’s trade deficit figures,” he said.
Published – June 13, 2025 04:36 pm IST