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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Closes At Over Two-Month Low Against US Dollar 

  • The Indian rupee closed at a two-month low of 86.24 against the US dollar on Tuesday.
  • Rupee opened flat at 86.07 against the US dollar.
  • Brent oil prices rose to $74.04 per barrel due to Israel-Iran conflict concerns and soft economic data from China.
  • The US dollar strengthened with the DXY climbing above 98.2 amid rising geopolitical tensions in the Middle East.
  • President Trump's call for the evacuation of Tehran and Israeli airstrikes on Iran raised fears of a wider regional conflict.
  • Markets are watching for potential disruptions to energy flows and trade routes, along with inflation risks from elevated oil prices.
  • Focus now shifts to the Federal Reserve's policy decision, with rates expected to stay unchanged.

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