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Searched Tag: rupee strengthens against us dollar
Rupee rebounds 58 paise after RBI intervenes in forex markets following a record low, as Iran’s closure of the Strait of Hormuz fuels oil price surge and volatility.

Rupee strengthens 58 paise against US Dollar

March 5, 2026, 11:37 AM - 2 min read

Around 60 per cent of India’s crude oil imports pass through the Strait of Hormuz. Once Iran announced the closure, crude oil prices surged sharply, triggering a widespread sell-off among investors in the Indian market.  

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