Rupee Settles Flat at 95.20 Amid Hormuz Negotiation Worries

Every country has its own money, called currency.

The rupee is the money used in India, and the dollar is the money used in the United States.

When people in India buy things from other countries, they need to trade rupees for dollars.

The price of one currency in terms of another is called the exchange rate.

This week, one dollar could buy about 95 rupees.

On Friday, the rupee's value barely changed — it went up by just two paise, which is a very tiny amount, since 100 paise make one rupee.

The rupee did not move much because investors felt nervous and worried.

They were worried because Iran and Oman were having delicate talks about a very important waterway called the Strait of Hormuz.

Many oil ships travel through that strait, and if there is trouble there, oil prices could go up.

Higher oil prices can make a country's money lose value, so traders watched the news carefully.