Rupee falls 28 paise to close at 96.03 against US dollar
The Indian rupee fell 28 paise to close at 96.03 against the US dollar on Monday, driven by risk-off sentiments after the US rejected a deal proposal by Iran. Forex traders noted that deteriorating global risk sentiments and rising crude oil prices are expected to continue pressuring the rupee. Market watchers anticipate further volatility influenced by upcoming FOMC speeches.