On Monday, the Indian rupee fell 49 paise to 93.32 against the US dollar, influenced by rising crude oil prices and a stronger dollar amid geopolitical tensions in the Middle East. Crude oil prices increased after inconclusive peace talks between the US and Iran, leading to uncertainties that prompted foreign capital outflows from Indian equities. Consequently, Indian stock indices opened lower, with the Sensex dropping over 1,600 points to an intraday low of 75,868. The dollar index was up by 0.38% at 98.81, reflecting the dollar's strength. Additionally, Brent crude oil prices surged 7.28% to $102.13 per barrel, influenced by the US blockade of Iranian ports. Despite these challenges, the Asian Development Bank (ADB) projects India's GDP growth to remain robust at 6.9% for the current fiscal year, driven by strong domestic demand and easing financing conditions.