The Indian rupee plummeted to 85.61 against the US dollar due to escalating geopolitical tensions with Pakistan, compounded by a strong US dollar and rising crude oil prices. Pakistan’s military actions and India’s retaliatory strikes in PoK heightened risk aversion, impacting domestic markets. Despite FII inflows, the rupee faces continued pressure amid ongoing uncertainties and global economic factors. Post navigation ‘Exciting day’: Donald Trump confirms US, UK have reached ‘comprehensive’ trade deal Bank of England cuts interest rate by 25 bps amid global trade uncertainty
