INR Falls as Global Oil Prices Climb Amid Conflict Risks
Rupee Slips in Early Trade
INR opened at ₹92.63 per dollar on April 9 and hit a session low of ₹92.71, down from the previous close of ₹92.54.
What's Weighing on the Rupee?
Oil price firmness, a dollar rebound, weak local equities and fresh doubts over the durability of the US-Iran ceasefire are pressuring the rupee today.
Ceasefire Doubts Return
Renewed Israeli strikes on Lebanon raised fresh doubts about the fragile two-week Middle East ceasefire, dampening risk appetite across Asian markets this morning.
Asian Markets Turn Cautious
Asian markets traded mostly lower despite positive Wall Street cues overnight, as traders remained wary of geopolitical flare-ups disrupting the ceasefire narrative in the region.
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