Rupee falls 12 paise to 96.42 against U.S. dollar in early trade
The Indian rupee fell 12 paise to 96.42 against the U.S. dollar in early trade, driven by rising crude oil prices and increased demand for the dollar amid escalating tensions in West Asia. This decline reflects broader market pressures, including significant foreign capital outflows from domestic equity markets. The Sensex and Nifty also experienced losses, with the Sensex dropping 593.78 points and the Nifty declining 169.20 points.