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Asia

Rupee drops past 96 per dollar as oil prices climb on renewed US-Iran tensions

Markets-Economic Times · 2h ago · 🇮🇳 India

Rupee drops past 96 per dollar as oil prices climb on renewed US-Iran tensions

The rupee weakened past 96 against the dollar on Tuesday. This decline occurred as oil prices saw a sharp increase this week. Tensions in the Middle East deepened, leading to fresh strikes between the US and Iran. Indian equities also faced pressure, with the Nifty 50 index experiencing losses. The rupee reached its weakest point since late May due to these combined factors.

Read the full story at Markets-Economic Times →

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