The Indian rupee has once again started trading over the 93 level mark against the US Dollar. The domestic currency opened at 93.31 against the US Dollar, down 0.2% from its previous close of 93.12. Traders said that the currency logged one of its sharpest weekly falls amid resurfaced escalation between the US and Iran.

Mumbai: The rupee declined 16 paise to 93.32 against the US dollar in early trade on Tuesday, as the American currency stayed firm and the Reserve Bank eased restrictions on speculative bets on the Indian currency.

By Jaspreet Kalra MUMBAI, April 20 (Reuters) - The Indian rupee edged up in early trading on Monday with traders pointing to modest dollar selling by foreign banks which they reckon won't be enough to push the rupee sharply higher as oil prices remain elevated and importer hedging demand lingers.

The Indian rupee edged up, extending its biggest rally in 12 years after the central bank doubled down on curbing speculation against the local currency.

The rupee opened 10 paise higher at 92.83 against the US dollar, supported by easing oil prices and RBI measures, even as rising tensions in the Strait of Hormuz pushed crude closer to $100.

By Dharamraj Dhutia and Nimesh Vora MUMBAI, April 13 (Reuters) - The Indian rupee's direction this week is likely to revert to being driven by oil prices and equity flows, with support from central bank rule-linked flows now having faded,

The Indian rupee posted its biggest gain in more than 12 years after authorities intensified their crackdown on speculation against a weaker exchange rate, extending curbs to offshore derivatives just days after tightening limits on banks’ local positions.

A Gold ETF in India tracks the domestic rupee price of gold, so currency conversion sits at the centre of return calculation.

The Reserve Bank of India (RBI) on Monday partially eased curbs on certain rupee derivative trades that had been introduced earlier this month to prevent the currency from hitting successive record lows.

As the Indian rupee hits a record low against the USD, experts warn of potential impacts on stock portfolios. While some sectors benefit from a weaker currency, inflation risks loom large.

MUMBAI: The Indian rupee logged its steepest one-day fall in a week on Monday, with wary investors bracing for the end of the U.S.-Iran ceasefire a day later amid rising tensions in the Middle East. The Indian rupee declined to 93.

The Indian rupee is expected to open largely unchanged on Tuesday, with traders assessing the impact of the central ​bank’s partial rollback of FX curbs alongside looming U.S.-Iran ‌risks.