---
title: "Rupee Watch: Rupee opens lower for third straight session"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282482352.md"
description: "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."
datetime: "2026-04-13T03:43:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282482352.md)
  - [en](https://longbridge.com/en/news/282482352.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282482352.md)
---

# Rupee Watch: Rupee opens lower for third straight session

The Indian rupee weakened for a third straight session on April 4, tracking losses in global equities and a stronger dollar after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran after weekend peace talks collapsed.

At 9.10am, the rupee was trading at 93.33 against the dollar, down 58 paise, or 0.61 percent, from its previous close of 92.73. The domestic currency opened at 93.26 and moved in a narrow range of 93.26 to 93.37 during early trade.

The failed US-Iran talks and plans to blockade the Strait of Hormuz deepened concerns over a global energy supply shock. Oil and natural gas prices surged after Trump said the US would interdict any vessel that had paid a toll to Iran for safe passage through Hormuz. Before the conflict, nearly one-fifth of the world’s crude oil and liquefied natural gas trade passed through the strait.

Asian currencies also came under pressure amid rising geopolitical uncertainty and a stronger dollar. The Thai baht and Philippine peso each fell 0.74 percent, while the South Korean won declined 0.36 percent. The Japanese yen fell 0.29 percent, the Malaysian ringgit lost 0.26 percent, the Singapore dollar slipped 0.2 percent, the Indonesian rupiah fell 0.15 percent, and the Chinese renminbi declined 0.06 percent.

The dollar, which has emerged as the preferred safe-haven asset since the Middle East conflict began, strengthened against all major Group of 10 currencies.

### Related Stocks

- [USDU.US](https://longbridge.com/en/quote/USDU.US.md)
- [164824.CN](https://longbridge.com/en/quote/164824.CN.md)
- [INDH.US](https://longbridge.com/en/quote/INDH.US.md)
- [UUP.US](https://longbridge.com/en/quote/UUP.US.md)

## Related News & Research

- [Indonesia central bank delivers hefty interest rate rise as it looks to stem battered rupiah's fall](https://longbridge.com/en/news/287025507.md)
- [US dollar rises as hawkish Fed expectations lift Treasury yields](https://longbridge.com/en/news/287030686.md)
- [TRUMP SAYS MORE FIGHTING TO COME UNLESS IRAN GETS SMART](https://longbridge.com/en/news/287097488.md)
- [IRAN'S FOREIGN MINISTRY SPEAKS ABOUT CONTINUING MESSAGE EXCHANGES WITH THE U.S. REGARDING IRAN'S 14-POINT PROPOSAL.](https://longbridge.com/en/news/287099398.md)
- [IRAN ALSO DEMANDING END TO ALL FIGHTING INCLUDING IN LEBANON AND RELEASE OF IRANIAN ASSETS - FOREIGN MINISTRY SPOKESPERSON](https://longbridge.com/en/news/287099734.md)