Crude Oil
The rupee falls to a near two-week-low as the US-Iran standoff drives oil prices higher
The Indian rupee fell to its lowest level in almost two weeks on Tuesday, as oil prices rose due to the fading hope of a U.S. Iran deal that would 'end the war' and reopen "the Strait of Hormuz". Traders said that the Reserve Bank of India's likely dollar selling intervention helped to limit the currency losses. The currency was unable to find a balance between competing forces and closed the session at 95.4350 per dollar. This is a 0.15% decrease from the previous close. The Nifty 50 fell 0.5%, and the benchmark 10-year bond also dropped, causing its yield...