π Rupee hits 95.64 vs US dollar amid global tensions
The Indian Rupee strengthened to 95.64 against the US dollar in early trading this week. This movement occurred as geopolitical concerns and crude prices influenced the domestic currency's performance. The Rupee had closed at 95.71 on Friday, showing a minor gain of 3 paise. Markets are watching potential fresh sanctions from Washington targeting Iran's oil trade and banking. Consequently, oil and currency markets are expected to remain cautious until more details are released this evening. π