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Rupee drops to 93.35/USD as West Asia tensions, oil surge hit Indian currency

Rupee drops to 93.35/USD as West Asia tensions, oil surge hit Indian currency

The Indian rupee experienced a significant depreciation, settling at 93.35 against the US dollar, as escalating West Asia tensions following failed US-Iran peace talks and a surge in crude oil prices triggered a global flight to the greenback and foreign

Rupee slumps 69 paise to all-time low of 92.18/USD

Rupee slumps 69 paise to all-time low of 92.18/USD

Traders said the USD/INR pair remains under pressure as investors are moving toward safe-haven assets. Moreover, persistent foreign capital outflow from the equities, and fears grow that expensive imports will hurt the trade balance. Illustration: Dominic Xavier/Rediff Key Points The