On Tuesday, the Indian rupee weakened beyond the 96 level against the US dollar, marking its lowest value since May 22. The currency saw a decline of 62 paise, finishing the day at 96.3 per dollar, driven by a 4% spike in Brent crude oil prices. This shift follows the US decision to reinstate a naval blockade at the Strait of Hormuz in response to rising tensions with Iran.

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3 hours ago