Rupee slips 6 paise to 96.31 against U.S. dollar in early trade
The Indian rupee fell 6 paise to 96.31 against the U.S. dollar in early trade, influenced by ongoing volatility in global crude oil prices and a stronger dollar amid the West Asia crisis. Foreign institutional investor (FII) outflows have further pressured the local currency, although a positive start in domestic equity markets provided some support. Traders are closely monitoring these factors as they impact currency performance.