Rupee fluctuates as oil prices swing on Iran-US geopolitical signals
The Indian rupee has remained volatile amid shifting global oil prices, with traders closely monitoring geopolitical developments in the Middle East.
Media reports suggested Iran offered to reopen the Strait of Hormuz—a critical energy shipping route—conditional on the US easing military pressure and lifting its blockade. Such signals typically influence crude oil prices, which in turn affect the rupee's exchange rate.
Traders have adopted a cautious stance, avoiding heavy positions pending clarity on international oil markets and potential policy interventions affecting currency movement.
