Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports - Reuters
Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports Reuters
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"I can tell you that we’ve been called by the other side."
— Donald Trump , Politician
"Markets are taking some encouragement from the fact that the two sides are talking and that the broader ceasefire seems to be holding, for now."
— Sameer Samana , Executive
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<a href="https://news.google.com/rss/articles/CBMiqAFBVV95cUxNY1hFZTQ5Z01RTkMwNzR1dXFMMGg0ZnV4d19XOW5VMUJFR0JGVjJVaXAxQ0VUZ296Zm85M0hxcThoeVFjZll0YUlsaGkteXFwRTUya2pXQmFDSFRKanpHanVlc3diTlFTRUM3THE4VFB2UXNJd3VtYjZ4MnkycTNTTWZFSXloZGlCbVJYbUlDWng4NEYycXFNZ3ZNT3h2ZkdtOEg5WXB6bXo?oc=5" target="_blank">Rupee falls most in two weeks as oil spikes on US move to blockade Iran ports</a> <font color="#6f6f6f">Reuters</font>
Oil prices resumed their climb and global markets mostly declined as the U.S. military prepared to blockade traffic to and from Iranian ports and the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war.
The Indian rupee declined 0.7% to 93.3950, while India's benchmark Nifty 50 fell nearly 2%, as the U.S. moved to impose a blockade on Iranian shipping following the collapse of weekend peace talks.
The Indian rupee experienced its steepest decline in two weeks, closing at 93.3750 per U.S. dollar, as oil prices surged past $100 per barrel following the U.S. announcement of a naval blockade on Iranian ports after failed peace talks.
The Indian rupee closed at 93.3750 per U.S. dollar, down 0.7% on the day, its sharpest decline since March 27, as oil prices climbed past $100 per barrel due to the U.S. imposing a blockade on Iranian shipping after collapsed peace talks.
The Indian rupee declined 0.7% to 93.3950, while India's benchmark Nifty 50 fell nearly 2%, as the U.S. moved to impose a blockade on Iranian shipping following the collapse of weekend peace talks.
Oil prices resumed their climb and Asian markets mostly declined as the U.S. military prepared to blockade ships entering or leaving the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war.
Oil prices resumed their climb and Asian markets mostly declined as the U.S. military prepared to blockade ships entering or leaving the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war.
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