On Thursday, the Indian rupee fell to 92.6575 against the U.S. dollar, marking a 0.1% decline as worries about the sustainability of the U.S.-Iran truce led to higher oil prices, which in turn affected local stocks and bonds. Indian shares saw a decline of about 1%, while the yield on the 10-year benchmark bond rose nearly 6 basis points. The geopolitical situation worsened with Israeli airstrikes in Lebanon, raising concerns about the ceasefire's longevity. Brent crude oil futures surged nearly 3% to $97.5 per barrel after previously hitting a near one-month low of $90 per barrel. Analysts from ING noted that while recent central bank interventions have stabilized the rupee from record lows, ongoing elevated energy prices and weak capital inflows could maintain a depreciation trend. Notably, foreign investors have net sold nearly $20 billion in Indian stocks and bonds during March and April, reflecting a cautious sentiment in the market.