India, March 24 -- The Indian rupee declined by 20 paise to 93.73 against the US dollar in early trade on Tuesday, weighed down by a strengthening greenback and rising global crude oil prices.
The pressure on the currency persisted despite signals from US President Donald Trump indicating ongoing negotiations with Iran. Trump stated that the US was in talks with a "respected" Iranian leader and suggested that Iran was open to reaching a deal to end the conflict. He also extended the deadline for Iran to reopen the strategically important Strait of Hormuz, warning of potential attacks on its power infrastructure if the move is not made within the next five days.
However, Iran's denial of these claims added to market uncertainty, leading to...