India, June 10 -- The Indian rupee slipped 15 paise to 95.56 against the US dollar in early trade on Wednesday, weighed down by renewed geopolitical tensions in West Asia and a sharp rise in crude oil prices.
According to forex market participants, the domestic currency came under pressure after US President Donald Trump accused Iran of being responsible for the downing of an American military helicopter near the Strait of Hormuz, raising concerns over a potential escalation in the region.
The rupee opened at 95.52 in the interbank foreign exchange market and weakened further to 95.56 during early trading, compared with its previous close of 95.41. Notably, the domestic currency had gained 20 paise against the greenback in the previous se...