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The Economic Times
The Economic Times
Business

Rupee retreats to near two-week low, closes at 95.43 vs USD as US-Iran standoff pushes oil higher

The Indian rupee slipped to its weakest ​level in nearly two weeks ​on Tuesday as oil prices jumped on fading hopes ​for a U.S.-Iran deal to end the war and reopen the Strait of Hormuz.

Likely dollar selling intervention by the Reserve Bank of India, though, helped limit the ‌currency's losses, ⁠traders said.

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