Rupee falls 17 paise against US dollar as FCNR swap deadline weighs down sentiment
The Indian rupee fell 17 paise to ₹95.59 against the US dollar on Monday, influenced by the Reserve Bank of India's decision to advance a deposit swap deadline. Analysts predict temporary support for the rupee despite expected overall weakness, while domestic stock markets also recorded a drop early in the trading session. Market reactions will continue to unfold this week.