The Indian rupee hit a one-month low as Middle East tensions escalated, driving oil prices higher and prompting state-run banks to intervene, likely on RBI's behalf.
The decline was triggered by renewed tensions in the Middle East
Jul 13, 2026
01:07 pm
What's the storyThe Indian rupee fell to its lowest level in over a month today, trading at 95.76 per US dollar.
The decline was triggered by renewed tensions in the Middle East and Iran's claim of closing the Strait of Hormuz, which drove up oil prices.
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