Rupee drops past 96 per dollar as oil prices climb on renewed US-Iran tensions

The rupee fell nearly 0.5% to 96.0775 against the dollar, its weakest level since May 22, as Brent crude surged about 11% on the week to $84.6 per barrel on renewed US-Iran tensions. Indian equities came under pressure, with the Nifty 50 down 0.6%, tracking losses across regional markets.