Rupee falls 31 paise to close at 95.67 against U.S. dollar

The Indian rupee took a dive, dropping 31 paise to close at 95.67 against the U.S. dollar, reflecting heightened concerns over global trade tensions. This decline comes amid actions by the U.S. Trade Representative and escalating hostilities between the U.S. and Iran, which have spooked investors. This shift in currency value underscores the vulnerability of emerging markets to international geopolitical and trade uncertainties, highlighting the need for strategic economic policies to buffer against such external shocks.