India, July 10 -- The Indian rupee appreciated by 15 paise to 95.32 against the US dollar in early trade on Friday, supported by a weaker US dollar and softer crude oil prices despite escalating geopolitical tensions in West Asia.
According to forex traders, persistent foreign institutional investor (FII) outflows and renewed uncertainty over the Middle East conflict continued to weigh on the domestic currency. However, a firm opening in the Indian equity markets helped cushion the downside.
Geopolitical concerns intensified after the US carried out fresh airstrikes on Iran, prompting Tehran to retaliate by targeting US-allied nations in West Asia. The exchange of attacks has raised fears over regional stability and cast uncertainty over ...