Rupee opens 8 paise lower at 92.66 against US dollar as crude oil prices rise(Pixabay)AI Quick ReadThe Indian rupee started at 92.66 against the US dollar on Thursday, April 9, as worries grew that the ceasefire in Iran might not completely restore oil shipments through the critical Strait of Hormuz, pushing oil prices up and putting pressure on riskier assets. Brent crude futures for July increased by over 2% to $96.76, following a sharp drop of 13.2% in the prior session due to optimism that a ceasefire between the US and Iran would enable oil transport to resume through the Strait of Hormuz.
However, new doubts about the sustainability of the truce have left investors cautious.
On Wednesday, Israel continued its strikes on Lebanon, prompting Iran to claim that it would be "unreasonable" to continue discussions aimed at establishing a permanent peace agreement.
At the same time, shipping companies stated on Wednesday that they required greater clarity regarding the conditions of the ceasefire prior to restarting transit through the Strait of Hormuz.
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players.
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At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors.
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Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation.
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Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.