Rupee falls 28 paise to 95.64 against U.S. dollar in early trade

The Indian rupee took a dive, dropping 28 paise to 95.64 against the U.S. dollar in early trading, driven by concerns over the U.S. Trade Representative's actions and escalating tensions between the U.S. and Iran. This shift reflects broader investor anxiety over potential trade disruptions and geopolitical instability. Such currency fluctuations have significant implications for India's economy, affecting everything from import costs to foreign investments, underscoring the interconnectedness of global markets.