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

The Times of India
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. ...

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