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Jun 19, 2025 03:43 PM IST INDIA-MARKETS/RUPEE:INDIA RUPEE-Rupee hits three-month low on worries over U.S. position in Middle East battle By Jaspreet Kalra Rupee hits three-month low on worries over U.S. position in Middle East battle MUMBAI, – The Indian rupee fell to its weakest stage since mid-March on Thursday as danger aversion gripped monetary markets, with buyers centered on the potential of U.S. involvement within the Israel-Iran battle. The rupee touched a low of 86.8925 on the day earlier than barely paring losses to shut at 86.7225 towards the U.S. greenback, down 0.3% on the day. Brent crude oil costs rose to close $77 per barrel after Israel struck a key Iranian nuclear website on Thursday and Iranian missiles hit an Israeli hospital. Risk property remained beneath stress, reflecting investor worries a few broader battle within the Middle East after U.S. President Donald Trump stored the world guessing about whether or not the nation would be a part of Israel’s bombardment of Iranian nuclear websites. ANZ believes the most probably situation is an prolonged battle between Iran and Israel, which might see oil provides come beneath direct menace, the agency stated in a Thursday word. “The price outcome for this scenario would be the USD75–85/bbl range,” whereas an escalation of the battle, pegged at 20% chance, might push costs to $90-95 per barrel. Oil is a significant element of India’s import invoice. A $10 barrel enhance in crude can widen the present account deficit by as much as 0.4% of GDP, economists estimate. Indian authorities bond yields rose on Thursday as merchants squared off positions, fearing additional escalation of geopolitical tensions. The nation’s benchmark fairness index, Nifty 50 , dipped 0.1%. Meanwhile, delicate greenback gross sales from state-run banks helped the rupee restrict its losses, three merchants stated. The forex has declined little beneath 1% this week to this point. The rupee might discover some assist close to the psychologically vital 87 stage and is prone to commerce with a weakening bias within the close to time period, a dealer at a overseas financial institution stated. This article was generated from an automatic information company feed with out modifications to textual content.
