The post Indian Rupee pressured by oil surge amid escalating Iran-Israel conflict appeared on BitcoinEthereumNews.com.

Indian Rupee extends losing streak for the third consecutive day, hits weakest level since mid-March against the US Dollar. Israel–Iran conflict enters seventh day, US reportedly prepared for possible military strike. Brent and WTI crude are up over 20% this month, supply fears keep prices elevated. The Indian Rupee (INR) extends its losing streak for a third consecutive day against the US Dollar (USD) on Wednesday, sliding to a three-month low as the escalating Middle East conflict fuels fresh supply worries and keeps Crude Oil prices elevated. Higher Oil costs continue to strain India’s import bill, adding persistent pressure on the Rupee. The USD/INR pair is trading higher near ₹86.79 during the American trading hours, as holiday-thinned liquidity keeps price action subdued. The pair remains slightly below its intraday peak of ₹86.89 touched earlier in the European session. Meanwhile, the US Dollar Index (DXY), which measures the Greenback’s strength against a basket of six major currencies, holds steady around 99.00 after the Federal Reserve (Fed) left interest rates unchanged on Wednesday, reinforcing broad Dollar resilience amid an already uncertain global outlook. With US financial markets closed on Thursday for the Juneteenth holiday, trading volumes are light and fresh momentum is likely to return once liquidity picks up on Friday. As the Iran–Israel conflict enters its seventh day, both nations have continued heavy strikes — Israel targeting Iran’s nuclear and military installations, and Iran responding with waves of ballistic missiles and drones toward Israeli territory, including civilian hospitals. The US has reinforced its regional posture by deploying additional naval vessels and aircraft assets to serve as a deterrent amid rising tensions. US President Donald Trump has publicly backed Israel’s campaign, praising its strikes as “excellent” and warning Iran of “even more brutal” action if it fails to capitulate on its nuclear…

---

Filed under: News - @ June 19, 2025 5:29 pm