Rupee hits record low of 95.56 amid fears of ceasefire collapse

The Indian rupee fell to a record low of 95.56 against the dollar on Tuesday amid growing concerns that the US-Iran ceasefire could collapse. The currency had settled at 95.39 in the previous session and had touched a record low of 95.43 last week. Meanwhile, Brent crude prices climbed about 1% to $105 per barrel, weighing on investor sentiment.