India, April 13 -- The Indian rupee weakened sharply by 49 paise to 93.32 against the US dollar in early trade on Monday, pressured by rising crude oil prices and a stronger dollar.
The decline comes amid renewed geopolitical tensions in West Asia, particularly concerns around the Strait of Hormuz after inconclusive Iran–US talks, which have driven a spike in oil prices.
Additionally, foreign fund outflows from domestic equities further weighed on the currency. The rupee opened at 93.30 in the interbank market and extended losses in early deals.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....