The Rupee breached the critical 96 mark against the US Dollar as escalating tensions between Trump and Iran drove crude oil prices to new highs.
Brent crude oil prices have surged to nearly $85
Jul 14, 2026
11:54 am
What's the storyThe Indian rupee has breached the psychologically significant level of 96 against the US dollar, a first since May 2026.
The fall comes as US President Donald Trump escalates his military campaign against Iran, sending crude oil prices skyrocketing.
Rupee hits 96 against the Dollar as Trump’s Iran tensions push crude prices to $85/barrel, impacting India’s economy.
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