The rupee pared its initial gains and settled with a loss of 19 paise at 93.10 (provisional) against the U.S. dollar on Monday (April 20, 2026), after fresh tension in West Asia led to an increased demand for the American currency and kept crude prices steady.
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Forex traders said the local currency remained under pressure due to a fresh standoff between the U.S. and Iran that led to a closure of the Strait of Hormuz, disrupting global supply. ( PTI )
