Rupee falls 11 paise to 96.36 against U.S. dollar in early trade
The Indian rupee fell 11 paise to 96.36 against the U.S. dollar in early trading on Wednesday, driven by rising crude oil prices amid geopolitical tensions. Concerns over the security of oil shipments through the Red Sea and Strait of Hormuz have heightened demand for the U.S. dollar as investors seek safe-haven assets. This depreciation reflects ongoing market reactions to international events affecting oil supply and currency stability.