Rupee falls 13 paise to 95.56 as crude rises, Fed hike bets strengthen dollar

On Monday, the Indian rupee opened lower against the US dollar, falling 13 paise to 95.56.

The currency's decline was driven by rising crude oil prices and escalating geopolitical tensions. Additionally, strengthening prospects of a Federal Reserve interest rate hike bolstered the US dollar, prompting a response from the Reserve Bank of India.