Indian Rupee Falls Amid US-Iran Tensions and Rising Crude Prices

The Indian Rupee has fallen by 11 paise to 96.36 against the US dollar, as US-Iran tensions and rising crude oil prices dampen hopes for a rupee rebound. Soaring crude prices are blunting capital inflows, impacting the currency's performance.

22 Jul, 04:42 — 22 Jul, 04:42

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Times of IndiaMostly Factual4d ago

Rupee falls 11 paise to 96.36 against US dollar amid US-Iran tensions, rising crude

The Indian rupee opened lower on Wednesday, facing pressure from rising crude oil prices. Geopolitical tensions and demand for safe-haven assets also weighed on the domestic currency. The Reserve Bank of India's measures are helping to cushion the rupee's decline. Meanwhile, Indian stock markets experienced a downturn in early trade. Foreign institutional investors remained net buyers of equities on Tuesday.

By TOI BUSINESS DESK

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First report: bloomberg · 22 Jul, 01:00|Full coverage: 2 · 4h|Window: 4h

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bloomberg22 Jul, 01:00First to report

Indian Rupee Rebound Bets Vanish as Soaring Crude Blunts Inflows - Bloomberg.com

4h later

Times of India22 Jul, 04:42Latest update

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Indian Rupee Falls Amid US-Iran Tensions and Rising Crude Prices

Sources

Rupee falls 11 paise to 96.36 against US dollar amid US-Iran tensions, rising crude

Coverage Timeline

Indian Rupee Rebound Bets Vanish as Soaring Crude Blunts Inflows - Bloomberg.com

Rupee falls 11 paise to 96.36 against US dollar amid US-Iran tensions, rising crude

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