Guwahati, June 24 -- The Indian rupee gained 65 paise to reach 86.13 against the US dollar in early trading on Tuesday, June 24, 2024, driven by a drop in crude oil prices amid hopes of a ceasefire between Iran and Israel. According to market reports and forex sources, the rupee's rise was also supported by a weaker US dollar and a positive opening in domestic equity markets.

Brent crude, the global oil benchmark, fell 2.73 percent to USD 69.53 per barrel in futures trading after US President Donald Trump announced that Iran and Israel were nearing a ceasefire.

The Indian currency opened at 86.07 against the dollar in the interbank foreign exchange market and later strengthened to 86.13, 65 paise higher than the previous close. On Monda...