Rupee falls 11 paise to 94.95 against US dollar in early trade
Mumbai, May 4 (PTI) The rupee depreciated 11 paise to 94.95 against the US dollar in early trade on Monday as the ongoing tensions in the Middle East continue to keep markets on edge. Forex traders said Brent oil is hovering near USD 108, maintaining pressure on oil-importing economies like India. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments further. At the interbank foreign exchange market, the rupee touched 94.95 against the US dollar in initial trade, registering a fall of 11 paise over its previous close. On Thursday, the rupee had settled