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Government securities rallied on June 24 after RBI Governor Sanjay Malhotra said a rate hike was premature, and the 10-year yield fell to 6.78%. Brent crude dropped to around $75 a barrel as the Strait of Hormuz reopened following a US-Iran interim agreement.
The rupee closed 7 paise stronger at 94.665.
Reduced rate-hike expectations and lower oil prices ease inflation and currency pressure in India, which supports feed-importer costs through a steadier rupee.
thehindubusinessline.comBL Mumbai BureauJun 24, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
