Rupee slips 4 paise to settle at 96.57 against U.S. dollar
The Indian rupee fell 4 paise to settle at 96.57 against the U.S. dollar, influenced by rising global crude oil prices amid increased tensions in West Asia. The decline follows a previous drop of 28 paise, closing at 96.53 on July 22. Forex traders noted that a potential intervention by the Reserve Bank of India (RBI) helped support the local currency.