Rupee tanks 59 paise to close at 95.55 against U.S. dollar
AI Summary
The Indian rupee declined by 59 paise to close at 95.55 against the U.S. dollar amid fresh U.S. airstrikes on Iran following Iranian attacks on ships in the Strait of Hormuz. The geopolitical developments have increased crude oil prices and strengthened the dollar.
U.S. launches fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar
Politics Markets Commodities Energy Indian rupee U.S. dollar airstrikes Iran Strait of Hormuz crude oil prices