Overview

• The rupee closed at 86.24 per dollar, its weakest level since April 9, slipping 18 paise on Tuesday as regional airstrikes stoked oil-supply fears.
• Brent crude prices climbed to about $74.6 per barrel after intensified exchanges of fire raised concerns over Middle East energy disruptions.
• India’s foreign exchange reserves rose by $5.17 billion to $696.65 billion for the week ended June 6, providing the RBI room to intervene in currency markets.
• The country’s trade deficit narrowed to $21.88 billion in May, yet foreign institutional investors sold more than ₹1,200 crore of equities on net.
• The US dollar index strengthened on safe-haven buying as tensions between Israel and Iran escalated with fresh airstrikes.