Rupee falls 8 paise to 95.25 against US dollar in early trade
Mumbai, Aug 10 (PTI) The rupee fell 8 paise to 95.25 against the US dollar in early trade on Monday, weighed down by a stronger greenback and a rise in global crude oil prices. However, FII inflows and a rise in the country’s forex reserves capped a sharper fall in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 95.18 before slipping further to 95.25, down 8 paise from its previous close. The rupee settled with a 5 paise gain at 95.17 against the US dollar on Friday. “Overall, USD/INR remained range-bound around 95.20-95.30,