Rupee falls 34 paise to close at 96.59 against U.S. dollar
The Indian rupee fell 34 paise to close at 96.59 against the U.S. dollar, impacted by rising crude oil prices and geopolitical uncertainty. This decline follows a previous gain where the rupee had settled higher at 96.25. Forex traders noted that risk aversion in global markets and a negative trend in domestic equities contributed to the depreciation.