By Admin 
Rupee Rise Against Dollar: After the claim of the ceasefire Donald Trump in Iran and Israel, the Sensex showed a tremendous jump, while the price of crude oil declined on Tuesday. Meanwhile, the rupee has brought new life. The rupee rose by 65 paise to 86.13 per dollar during early trade. According to indigenous currency traders, the crude oil prices have been strengthened by the softening of crude oil between Iran-Israel. Weak dollars and strong start of domestic markets have also strengthened the rupee.
Rupee strengthened
The market has received new hope after US President Trump’s announcement of Iran-Israel’s ceasefire close to the ceasefire. The rupee opened at 86.07 against the dollar, the rupee in the Interbank Forex Exchange Market. After this, again it came to 86.13 per dollar, which shows a gain of 65 paise in the previous closed price.
A day ago i.e. on Monday, the rupee fell 23 paise to close at a 5 -month low at 86.78. Global oil benchmark Brent crude futures fell by 2.73 percent to $ 69.53 per barrel.
Meanwhile, the dollar index, depicting the US dollar position against 6 major currencies, fell 0.29 percent to 98.13. In the domestic stock market, BSE Sensex gained 930.7 points in early trade to 82,827.49 points and Nifty rose 278.95 points to 25,250.85 points. According to the stock market data, foreign institutional investors (FIIs) were selling on Monday and purely sold shares worth Rs 1,874.38 crore.
Hope of peace in West Asia
Significantly, on June 12, the missile was targeted by Israel on the important bases of Iran. After this, in this war, America also jumped and attacked three nuclear installations of Iran. After this, the situation in West Asia became quite tense. But after President Trump’s claim of ceasefire between the two countries, the situation is now expected to be normal soon.
Also read: Good news for India between Iran-Israel ceasefire, China-Pak will get Mirchi