Rupee posts biggest single-day gain in five years: Currency jumps 73 paise to 86.05 vs dollar, as oil slides on Iran-Israel ceasefire

The Indian rupee surged, marking its largest single-day gain in nearly five years, closing at 86.05 against the US dollar. This rebound was fueled by a significant drop in global crude oil prices and easing geopolitical tensions in West Asia. A weaker dollar and positive performance in domestic equities further bolstered the rupee.