The Indian rupee rose 10 paise to 95. 60 against the US dollar in early trade on Wednesday, after opening 7 paise weaker at 95.

75 amid ongoing concerns over the West Asia crisis and rising crude oil prices. On Tuesday, the domestic currency had closed at 95. 68 per dollar.

Indian equity markets were expected to open broadly flat, with investors focused on developments in the US-Iran conflict and the impact of higher oil prices. GIFT Nifty futures traded at 23,890. 5 at 7:59am IST, indicating a slower start compared to Tuesday’s Nifty 50 close of 23,913.

7. Tensions remain high in the region after Iran accused the US of violating a ceasefire with attacks near the Strait of Hormuz, potentially complicating efforts to end the three-month-long conflict.

Adding to concerns, Israel reportedly carried out more than 120 airstrikes in Lebanon on Tuesday, one of the heaviest bombardments in recent weeks, according to Lebanese security sources.