The Indian Rupee (INR) has surged to about 86.10 against the US Dollar (USD) during the European trading session on Tuesday. This significant rise in the USD/INR pair follows a notable drop in oil prices. The recent announcement of a ceasefire between Israel and Iran, conveyed through a post on Truth.Social by US President Donald Trump, has bolstered the Indian currency, reflecting shifts in market dynamics driven by global geopolitical events. The market sentiment remains focused on the implications of these developments for the currency’s future performance.