The rupee pared initial gains to settle 3 paise lower at 95.74 against the US dollar on Monday, pressured by a stronger dollar, crude prices, importer demand and caution over fresh US sanctions on Iran amid weak domestic equity markets
The rupee gained 9 paise to 95.65 against the US dollar in early trade on Friday, supported by a weaker American currency. However, elevated crude oil prices and geopolitical uncertainty continued to weigh on the domestic currency, forex traders said
The rupee declined 19 paise to close at 95.61 against the US dollar on Monday, pressured by weak domestic equities and higher crude oil prices. Forex traders expect a slight negative bias amid geopolitical uncertainty and broader dollar support
