India, May 5 -- The Indian rupee declined 20 paise to 95.43 against the US dollar in early trade on Tuesday, as market sentiment turned cautious following renewed military tensions between the US and Iran in the Gulf region.
Forex traders noted that heightened uncertainty has triggered a shift towards safe-haven assets, with the US dollar gaining strength amid rising investor anxiety.
Additionally, elevated crude oil prices, with Brent hovering around $113 per barrel, continue to weigh on oil-importing economies like India.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....