Rupee Takes a Dip to 94.97 Amid Tension and Oil Prices

The rupee took a little tumble, dropping 2 paise to 94.97 against the dollar on Wednesday morning. What's causing this? Well, it's a spicy mix of US-Iran tensions, soaring oil prices, and a dollar that's feeling pretty strong. The RBI is on the lookout as crude oil prices hit $95 per barrel. Hold onto your wallets, folks!