The Times of India

Rupee inches closer to 94: Currency falls 20 paise to 93.96 per US dollar in early trade

The Indian rupee continued its downward trend, falling to 93.96 against the US dollar amid persistent foreign fund outflows and global crude oil price hikes. Forex traders attribute the sustained weakness to uncertainty surrounding the West Asia crisis. Despite the rupee's decline, Indian stock markets showed strength, with benchmark indices trading higher.