Rupee Rebounds, Gains 6 Paise Against US Dollar
The Indian rupee opened 6 paise stronger at ₹96.10 against the US dollar on Wednesday recovering modestly after recent losses. The currency remains under pressure from elevated crude oil prices and geopolitical tensions in West Asia, particularly around the Strait of Hormuz, which has raised concerns over India’s import bill and broader economic outlook. Market experts continue to monitor oil prices and global developments as key drivers of the rupee’s movement.
