Rupee dives 55 paise to close at 86.07 against U.S. dollar

Brent crude, the worldwide oil benchmark, rose sharply by 7.27% to $74.40 per barrel in futures commerce. Representational file picture.
| Photo Credit: AP

The rupee plummeted 55 paise to 86.07 (provisional) against the U.S. dollar on Friday (June 13, 2025) due to a spike in world oil costs and a agency dollar amid rising tensions within the Middle East following Israel’s assault on Iran’s nuclear websites.

Also learn: Israel strikes Iran updates on June 13

Brent crude, the worldwide oil benchmark, rose sharply by 7.27% to $74.40 per barrel in futures commerce.

At the interbank international alternate, the rupee opened at 86.25 against the buck and traded within the vary of 85.92-86.25 earlier than closing at 86.07 (provisional), up 55 paise from its earlier close. The native unit had settled at 85.52 on Thursday (June 12, 2025).

Weak home fairness markets and FII outflows additional contributed to the autumn within the native unit, foreign exchange merchants stated.

“The rupee fell to a low of 86.25 before recovering to 85.92 before ultimately closing at 86.07. It has taken one country’s military strike on another to bring home the fragility of markets,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, stated.

“RBI did support the rupee… oil prices were a concern as an increase of $10 increases trade deficit by $12 billion and CPI inflation by 50 bps,” he stated.

In the home fairness market, the 30-share BSE Sensex tanked 573.38 factors to settle at 81,118.60, whereas Nifty dropped 169.60 factors to 24,718.60.

The dollar index, which gauges the buck’s power against a basket of six currencies, rose 0.33% to 98.24.

Foreign institutional buyers (FIIs) offloaded equities price ₹3,831.42 crore on a internet foundation on Thursday (June 12, 2025), in accordance to alternate knowledge.

“FPIs continued to remain sellers of equity and buyers of U.S. dollars, while oil companies bought dollars on rising oil prices. Iran has closed its airspace, affecting our airline routes already hit by closure of the route by Pakistan.

“For Monday (June 16, 2025), we expect the rupee to trade in a similar range of 85.75-86.50 as we await India’s trade deficit data to be released,” he added.