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Rupee falls 16 paise to 96.13 against US dollar in early trade

Mumbai, Sep 29 (PTI) The rupee depreciated 16 paise and slumped below the psychologically important 96 per dollar level in early trade on Tuesday weighed down by elevated crude oil prices and persistent foreign fund outflows. Forex traders said the rupee is under pressure largely due to the combination of firm oil and rising US nominal and real yields, which together are drawing portfolio flows out of emerging markets, including India. At the interbank foreign exchange market, the rupee opened at 96.03, then fell to 96.13 against the US dollar, registering a fall of 16 paise from its previous close.

29 Sep 2026 9:53 am