Rupee falls 11 paise to 96.36 against US dollar amid US-Iran tensions, rising crude
The Indian rupee fell 11 paise to 96.36 against the US dollar, pressured by rising crude oil prices and geopolitical tensions. Demand for safe-haven assets further impacted the domestic currency, although measures by the Reserve Bank of India are providing some support. Indian stock markets also faced a downturn in early trade, despite foreign institutional investors being net buyers of equities on Tuesday.