The rupee strengthened to 94.25 against the US dollar, extending its recovery from the record lows seen during the peak of the Iran conflict, supported by lower oil prices and renewed foreign investor interest in Indian equities. India’s benchmark 10-year government bond yield eased to 6.86%, with falling crude prices helping offset the impact of the US Federal Reserve’s hawkish stance and indications of a possible rate hike later this year. Meanwhile, easing geopolitical tensions following the initial US-Iran peace agreement triggered a sharp decline in crude oil prices, with Brent crude slipping to about $77.35 a barrel from highs of over $100 seen just weeks ago.By CNBCTV18June 18, 2026, 1:43:46 PM IST (Updated)Continue ReadingFirst Published: Jun 18, 2026 1:43 PM IST
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Rupee strengthens, bond yields ease as oil prices tumble
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