# The rupee depreciated 49 paise to 93.32 against the US dollar in early trade on Monday.

*business · news · 2026-04-13 · Free Press Journal*

## Key points

- The rupee fell 49 paise to 93.32 against the US dollar due to higher crude prices.
- The US announced a blockade of Iranian ports, raising Brent crude prices by 7.28% to $102.13.
- Ships between non-Iranian ports can still transit the Strait of Hormuz despite the blockade.
- India's forex reserves rose by $9.063 billion to $697.121 billion in the week ended April 3, 2026.
- ADB projects India's GDP growth at 6.9% this year and 7.3% next year despite regional risks.

**Countries:** India, United States, Iran

[Read the full story on Free Press Journal](https://www.freepressjournal.in/business/rupee-slips-49-paise-to-9332-as-oil-surges-more-than-7-on-us-hormuz-blockade)

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