Brief by Shorts91 Newsdesk / 05:22am on 13 Apr 2026,Monday Business
The Indian rupee weakened sharply by 49 paise to 93.32 against the US dollar in early trade, pressured by surging crude oil prices and a stronger American currency amid escalating geopolitical tensions. The dollar index rose 0.38% to 98.81, reflecting global demand for the greenback. Uncertainty surrounding the Strait of Hormuz after inconclusive US-Iran talks drove oil prices higher, intensifying inflation concerns. Additionally, foreign fund outflows from domestic equities added downward pressure on the currency. Forex traders cited heightened volatility, risk aversion, and energy market disruptions as key factors behind the rupee’s decline in early trading hours. (PC: Reuters)
