Rupee Settles Higher at 95.33 as Brent Nears USD 90

The rupee is India's money, and the dollar is America's money.

On Wednesday, the rupee at first lost a little value, going from 95.36 to 95.42 for one dollar, but later it gained it back and finished at 95.33.

That means the rupee ended the day slightly stronger than it started.

One big reason currencies move is the price of oil, called Brent crude.

Oil became more expensive, getting close to 90 dollars for one barrel.

Oil is important because ships, trucks and planes need it, and India buys a lot of it.

A narrow waterway called the Strait of Hormuz is where many oil ships travel, and people worried that the United States and Iran might not make a deal to keep it safe.

There were also reports of attacks on ships.

Because oil stayed expensive, India's stock markets went down a little.

A ratings group called Fitch said India's credit rating stays at BBB- for the 20th year in a row, and warned about money pressure from young people protesting over jobs.