The rupee surged to Rs 94.68/$ on June 15, its strongest since May 8, following a US-Iran ceasefire and the reopening of the Strait of Hormuz.
Indian rupee jumped to ₹94.68/$1 (strongest since May 8) on US-Iran ceasefire agreement. Brent crude dropped 4% to $83/barrel, improving India's import bill—tailwind for rupee-denominated IT service margins.
The rise comes after a ceasefire agreement between the US and Iran
Jun 15, 2026
01:07 pm
What's the storyThe Indian rupee opened 43p stronger at ₹94.68 against the US dollars today.
This is its strongest level since May 8, compared with the previous session's close of ₹95.11 per dollar.
Rupee rises 58 paise to 94.60 against US dollar in early trade
Indian rupee also gains big against the US dollar
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Rupee likely to strengthen on US-Iran peace deal as oil prices tumble
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