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News 2026-07-08 12:09 UTC

Indian Rupee Sinks to One-Month Low as Middle East Tensions Lift Oil

() -- The Indian rupee sank to 95.60 against the US dollar on Wednesday, its weakest since June 11, as oil jumped about 6% after US President Donald Trump said the Iran agreement was over, raising concerns over India's import bill and inflation. For the third straight day, the Foreign Institutional Investors, or FIIs,