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VERIFIEDET Markets·negative
Rupee drops most in a month to record closing as oil runs hot over US-Iran stalemate
AI Summary
- ·The Indian rupee fell the most in over a month to a record closing low against the dollar.
- ·Rising crude oil prices, fueled by US-Iran tensions, negatively impacted the rupee.
- ·India's equity markets and government bonds also experienced declines.