Rupee slips 37 paise to open at 95.70 against US dollar

The Indian rupee opened 37 paise lower at 95.70 against the US dollar on Monday, 13 July, as renewed escalation in the US-Iran conflict triggered a sharp rise in crude oil prices, raising concerns over India's import bill and trade balance.

Investor focus shifted back to the energy market after Iran expanded its strikes on Gulf states in response to recent US attacks, while US President Donald Trump said the ceasefire was over, reigniting geopolitical tensions in the Middle East.

The rupee traded in a 94.96–95.60 range last week, largely tracking crude oil price movements, reflecting India's heavy dependence on oil imports. Market participants expect the currency to remain sensitive to crude price fluctuations this week as investors assess the impact of the latest military escalation on global energy supplies.

Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

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