The Indian rupee continued its downward trend, depreciating by 22 paise to close at 94.23 against the US dollar, marking its fifth consecutive day of losses. This decline is linked to rising global crude oil prices, which soared toward $107 per barrel amid ongoing geopolitical tensions in the Strait of Hormuz, where U.S.-Iran relations remain tense. Despite a ceasefire, uncertainty over shipping routes has unsettled fuel prices globally. The Indian stock market mirrored this volatility, with benchmark indexes Sensex and Nifty experiencing significant declines for the third consecutive day. The Sensex fell by 982.71 points (1.27%) to 76,681.29, while the Nifty dropped 275.10 points (1.14%) to 23,897.95, primarily driven by a major sell-off in IT stocks and foreign fund outflows. Analysts suggest that continued geopolitical instability and rising oil prices may further impact the Indian economy and currency stability.