The rupee dropped 35 paise to a record low of 93.88 against the US dollar, weighed down by global pressures and weak domestic market sentiment.
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The Indian rupee fell 42 paise to close at 91.50 against the US dollar amid strong dollar demand and elevated crude oil prices. Analysts cite global uncertainties and capital flow trends as key drivers.
Qantas shares fell more than 10% as escalating US-Iran tensions pushed oil prices higher, raising concerns about fuel costs and travel demand. Markets remain sensitive to developments in the Middle East.
