Indian Rupee Falls 42 Paise to Close at ₹91.50 Against US Dollar Amid War Tensions
The Indian Rupee depreciated by 42 paise to close at ₹91.50 against the US Dollar amid escalating US and Israeli attacks on Iran, rising Brent crude prices, and foreign fund outflows.
Prasanth Subramani
The Indian Rupee weakened by 42 paise to close at ₹91.50 against the United States Dollar in Tuesday’s trading session, amid escalating geopolitical tensions involving Iran and Israel.
The intensified attacks by the United States and Israel on Iran triggered global market uncertainty, increasing demand for the US Dollar as a safe-haven currency.
Impact of Rising Oil Prices
War tensions also pushed up global crude oil prices. Brent crude surged by 8.34 percent to $78.95 per barrel. The sharp rise in oil prices increased dollar demand for imports, putting additional pressure on the Indian currency.
Forex Market Details
According to foreign exchange traders, the rupee’s depreciation was also influenced by weakness in domestic equity markets and continued foreign fund outflows.
In the interbank foreign exchange market, the rupee opened at ₹91.23 against the dollar. During intraday trade, it touched a low of ₹91.65 before settling at ₹91.50 — 42 paise lower than its previous close.
Last Friday, the rupee had already declined by 17 paise to close at ₹91.08 against the dollar.
The latest fall reflects the combined impact of global geopolitical tensions, rising crude prices, and capital outflows on the Indian currency.
