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Rupee slips again for third day as Iran ceasefire optimism fades and oil hits $100
Economy
Published on 24 April 2026
US extended ceasefire, but traders still price risk
The Indian rupee fell for a third straight session on Wednesday as relief over the Iran war stayed limited, even after the U.S. indefinitely extended a ceasefire. Oil prices surged to around $100, keeping pressure on the currency by raising import costs and sustaining risk premiums in global markets.
- Rupee declines for a third consecutive session
- Oil climbs toward $100 despite US ceasefire extension
- Muted optimism keeps risk premium elevated for traders
- Higher energy costs add pressure on currency
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times