Rupee surges 77 paise to settle at 95.08 against U.S. dollar

The rupee surged 77 paise to adjacent astatine 95.08 (provisional) against the greenback connected Friday (June 12, 2026) arsenic planetary lipid prices fell sharply aft U.S. President Donald Trump indicated an imminent woody with Iran.

A steadfast inclination successful home equity markets and a weaker American currency besides supported the rupee during the day, forex traders said.

Mr. Trump has said a woody to extremity the warfare with Iran is astir complete, and is expected to beryllium signed implicit the play successful Europe, arsenic helium called disconnected subject strikes connected the Islamic Republic hours aft threatening to instrumentality power of its lipid industry.

Following Mr. Trump's remarks, planetary crude lipid prices fell with Brent crude — the planetary lipid benchmark — trading little by 4.25% astatine $86.54 per tube successful futures trade.

At the interbank overseas exchange, the rupee opened astatine 95.40 and traded successful the scope of 94.95-95.53 earlier settling astatine 95.08 (provisional), up 77 paise from its erstwhile close.

The rupee had plunged 60 paise to settee astatine 95.85 against the U.S. dollar connected Thursday (June 11, 2026).

"The rupee roseate arsenic lipid prices fell to $88.58 levels aft 3 months. The rupee has hovered betwixt 95 and 95.80 successful the past fewer days, moving with the prices of oil," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

"For Monday (June 8, 2026), we expect the rupee to stay successful the scope of 94.75 to 95.75. The one-month premiums were somewhat higher astatine 2.95% portion the one-year premiums were astatine 2.85%," helium said.

The dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading astatine 99.65, down 0.20%.

On the home equity marketplace front, Sensex soared 1,695.40 points to settee astatine 75,527.95, and Nifty climbed 461.30 points to 23,622.90.

Foreign organization investors offloaded equities worthy ₹1,987.09 crore connected a nett ground connected Thursday (June 11, 2026), according to speech data.