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Business
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Jun 13, 2025
Rupee plummets amid Israel-Iran conflict
Israel's Operation Rising Lion against Iran has sent shockwaves through global markets, and the Indian rupee took a hit—dropping past 86 to the US dollar. The operation targeted Iranian nuclear and missile sites, which rattled investors and pushed oil prices higher.
TL;DR
'86.20 a resistance for USD/INR'
This matters because global conflicts like this can quickly mess with everyday things, from fuel prices to travel costs. Kunal Sodhani from Shinhan Bank India pointed out how sensitive the rupee is to world events, saying 85.40 is now a base and 86.20 a resistance for USD/INR. With tensions rising in West Asia, India's economy feels the pressure—reminding us how connected everything really is.