New Delhi, May 5 -- The Indian rupee declined by 20 paise to 95.43 against the US dollar on Tuesday, 5 May, as market sentiment remained weak amid escalating military tensions between the US and Iran in the Gulf region.

Experts noted that increased geopolitical uncertainty has prompted a move toward safety, with investors turning to the US dollar as their preferred safe-haven asset.

Additionally, rising Brent crude prices, which approached $113 per barrel, added to the strain on oil-importing countries like India. In the interbank foreign exchange market, the rupee started at 95.30 and fell to 95.43 in early trading, down 20 paise from its previous close.

On Monday, the domestic currency dropped by 39 paise, closing at an all-time low ...