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Rupee Falls 16p to 86.75 as W. Asia Conflict Escalates
Financial Express Delhi
|June 24, 2025
Under Pressure
Amid an escalation in tensions between Israel and Iran, the rupee depreciated 16 paise to close at 86.75 on Monday. Intra-day, it fell to 86.85, before making a recovery as prices of crude oil eased.
Dealers said the Reserve Bank of India intervened at lower levels. Brent crude touched $81 per barrel in the early hours and fell to $77.4 per barrel afterwards.
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