Rupee falls 16 paise to 96.13 against U.S. dollar in early trade
The Indian rupee fell 16 paise to 96.13 against the U.S. dollar in early trade on Tuesday. Forex traders attributed the decline to rising oil prices and increasing U.S. yields, which are prompting portfolio outflows from emerging markets, including India. This trend may continue to affect the rupee's stability in the coming days.