Rupee depreciates 33 paise to open at 95.95 against US dollar
New Delhi, July 14 -- The Indian rupee weakened by 33 paise to open at 95.95 against the US dollar on Tuesday, 14 July, as renewed geopolitical tensions in the Middle East lifted crude oil prices and dented investor sentiment.
The currency came under pressure after a third consecutive night of US strikes on Iran heightened concerns that the fragile ceasefire could unravel, triggering a fresh rally in global oil prices.
Adding to the pressure, hawkish comments from a US Federal Reserve official pushed Treasury yields higher, a move traders said could further weigh on the rupee.
Brent crude rose to $85.64 a barrel in Asian trade, its highest level in more than a month, following the latest US military strikes on Iran and reports of attac...
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