Rupee retreats to near two-week low, closes at 95.43 vs USD as US-Iran standoff pushes oil higher

The Indian rupee tumbled to a two-week low on Tuesday as surging oil prices and waning optimism regarding a U.S.-Iran deal pressured the currency. The Reserve Bank of India stepped in to mitigate the rupee's decline, yet both the Nifty 50 and benchmark bonds experienced downturns. Attention is now on the impending inflation reports from India and the U.S. for further market cues.