Rupee extends losing streak as Iran war jitters lift oil to $100

The Indian rupee fell for the third consecutive session on Wednesday, as optimism about an end to the Iran war remained muted despite the U.S. indefinitely extending a ceasefire. With reports of gunfire attacks on container ships in the Strait of Hormuz, Brent crude oil prices rose ?above $100 a barrel ?and ?pegged back regional stocks, including a 0.9% drop in India’s benchmark Nifty 50 index. The ?rupee closed at 93.7950, down 0.3% from the previous close and hovering near ?its weakest level in three weeks. The rupee managed to avoid steeper losses on the day on account of likely…