Rupee Watch: Rupee opens lower for third straight session
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The Indian rupee opened lower for the third consecutive session on April 4, trading at 93.33 against the dollar, down 58 paise or 0.61% from the previous close. This decline follows losses in global equities and a stronger dollar amid escalating tensions with Iran after President Trump's blockade order for the Strait of Hormuz. The geopolitical uncertainty has pressured Asian currencies, with the dollar strengthening against major currencies as a safe-haven asset.
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