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Rupee drops past 96 per dollar as oil prices climb on renewed US-Iran tensions
The rupee weakened past 96 against the dollar on Tuesday. This decline occurred as oil prices saw a sharp increase this week. Tensions in the Middle East deepened, leading to fresh strikes between the US and Iran. Indian equities also faced pressure, with the Nifty 50 index experiencing losses. The rupee reached its weakest point since late May due to these combined factors.
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cryptobriefing.com
Rupee weakens as US-Iran tensions drive oil prices higher
Rupee weakens as US-Iran tensions drive oil prices higher. WTI reaching $110 in July 2026 at 1.2% YES.
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economictimes.indiatimes.com
Rupee hits one-month low as renewed Mideast conflict lifts oil prices
The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks…
