The Indian rupee is seen losing momentum against the dollar on Wednesday after the Indian Armed Forces launched precision missile strikes under 'Operation Sindoor', targeting nine terrorist sites in Pakistan and Pakistan-occupied Kashmir (PoK) in a strong response to the brutal Pahalgam terror attack. Possible negative opening in equities d higher crude oil prices are also expected to keep the currency under pressure. INR opened at Rs 84.65 per dollar and fell to a low of 84.66 so far during the day. Yesterday, rupee settled for the day lower at 84.35 against the US dollar amid growing uncertainty. The USD/INR pair was supported by an overall decline in crude oil prices and sustained foreign fund inflows, while ongoing geopolitical tensions between India and Pakistan weighed on investor sentiments, keeping the rupee on edge. Indian shares ended modestly lower on Tuesday, as Middle East tensions intensified and U.S. President Donald Trump's tariff order on movies along with plans to cut reliance on foreign-made medicines reignited concerns about the potential fallout of a global trade war.

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