Rupee falls 16 paise to 96.13 against U.S. dollar in early trade
The Indian rupee slipped 16 paise, reaching 96.13 per U.S. dollar in early trading. Market participants attributed the decline to higher oil prices and increasing U.S. nominal and real yields, which are prompting investors to pull money from emerging markets such as India. The currency’s weakness reflects broader pressure on emerging‑market assets and heightened uncertainty in global financial conditions.