Rupee falls 27 paise to close at 95.65 against U.S. dollar
The Indian rupee fell 27 paise to close at 95.65 against the U.S. dollar, influenced by elevated crude oil prices following Iran's closure of the Strait of Hormuz. Forex traders noted that renewed drone and missile strikes between the U.S. and Iran heightened supply concerns, contributing to capital outflows. The depreciation reflects ongoing geopolitical tensions impacting market stability.