Rupee slides to 94.47 per dollar as oil shock and Hormuz delays hit markets

Oil risks rise while Hormuz flows stall again

The Indian rupee weakened to 94.47 per dollar on Tuesday as higher oil prices and stalled energy flows through the Strait of Hormuz, tied to the U.S.-Iran conflict, pressured sentiment. Traders expect the currency to stay under pressure until supply disruptions ease, with the Reserve Bank of India likely stepping in to limit volatility.