Currency watch: Rupee slips 13 paise to 86.47 against US dollar, crude prices and Middle East tensions weigh on sentiment
Wednesday, 18 June 2025 () The Indian rupee weakened to 86.47 against the US dollar due to risk-off sentiment, high crude oil prices, and Middle East tensions. Despite a slight dip in Brent crude and FII buying, domestic equities fell, influenced by the upcoming US unemployment data and Federal Open Market Committee meeting outcome, where interest rates are expected to remain steady.
The U.S. has reportedly deployed over 30 aerial refueling tankers toward the Middle East, sparking major speculation of direct military involvement in the Israel-Iran war. While Trump insists the U.S. wasn’t involved in the Israeli airstrikes on Iran, flight tracking data and intelligence reports...
John Healey says it is a “dangerous moment for the entire region” as tensions escalate in the Middle East with Iran and Israel exchanging strikes. Speaking at RUSI, the defence secretary says the..
Iran’s Foreign Minister Abbas Araghchi has made explosive allegations against the United States, claiming Washington aided Israel’s recent deadly strikes on Iranian territory, including its nuclear..
Five massive car bomb explosions rocked Tehran, Iran’s capital, just hours after Iran launched another missile salvo at Israel. Iranian media immediately blamed Israel for the coordinated attack,..
The Indian rupee weakened to 86.34 against the US dollar due to rising crude oil prices and geopolitical tensions in the Middle East. A stronger dollar and... IndiaTimes
Wednesday, 18 June 2025 ()
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