Rupee drops 24 paise to 94.25 against U.S. dollar in early trade

The rupee stayed on a downward observe for the fifth straight day, shedding 24 paise to 94.25 against the U.S. dollar in early trade on Friday (April 24, 2026), weighed by risky crude oil costs and an elevated U.S. dollar, with prospects of West Asia peace talks turning hazier.

Analysts mentioned that regardless of a ceasefire in place between the United States and Iran, ship motion by way of the Strait of Hormuz remained unsure after the U.S. navy on Thursday (April 23, 2026) seized one other Iranian oil tanker, intensifying the standoff and unsettling the gasoline costs worldwide.