Rupee Falls to 95.56 Against US Dollar Amid Rising Crude Prices

The Indian rupee fell to 95.56 against the US dollar in early trade on Monday, pressured by rising crude oil prices and geopolitical tensions.

The rupee had risen marginally by 2 paise to settle at 95.43 against the US dollar on Friday.

According to Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP, the rupee opened lower as the dollar index was at 99.62 level, while most other assets fell from their levels on Friday.

The dollar index gauges the greenback's strength against a basket of six currencies, was trading at 99.62, lower marginally by 0.07 per cent.