The Indian rupee fell on Tuesday
past the 96 per dollar mark for the first time since late May as
a sharp rise in oil prices this week pressured the currency
after tensions in the Middle East deepened, with the U.S. and
Iran trading fresh strikes.
The rupee fell nearly 0.5% to 96.0775, its weakest
level since May 22.
Brent crude oil futures were last at $84.6 per
barrel, up nearly 11% on the week. Indian equities were under
pressure on Tuesday as well with the benchmark stock index, the
Nifty 50, down 0.6% and tracking losses in regional
stocks.
Published on July 14, 2026
