Overview

• The rupee opened 10 paise stronger at ₹86.63 on June 20 after touching a three-month low of ₹86.89 a day earlier.
• Brent crude prices jumped nearly three percent overnight to $77.16 per barrel and are on track for a third consecutive weekly gain.
• Escalating Israel-Iran tensions have driven up tanker rates as ships reroute around the Strait of Hormuz.
• Advisors suggest exporters hedge near ₹86.85–90 while importers hold off until rates fall below ₹86.
• A US decision on possible military action against Iran is due in two weeks and could further unsettle currency markets.