The Indian rupee weakened by 9 paise to settle at 92.63 (provisional) against the US dollar on Thursday, amid persistent geopolitical tensions in West Asia.
Forex traders said investor sentiment remained cautious as uncertainty lingered over the region, particularly concerns around a potential disruption in the Strait of Hormuz following Iran’s warning to exit talks if Israel continues strikes on Lebanon.
At the interbank foreign exchange market, the rupee opened at 92.63 and slipped to an intraday low of 92.92 against the dollar. It also touched a high of 92.53 during the session.
Market participants noted that currency markets remain in a wait-and-watch mode, with no strong directional cues amid elevated geopolitical risks.