India, June 22 -- The Indian rupee weakened against the US dollar in early trade on Monday, declining 15 paise to 94.48 amid continued strength in the greenback and heightened geopolitical concerns in the Middle East.
At the interbank foreign exchange market, the rupee opened at 94.42, down 9 paise from its previous close, before extending losses during the session. Forex market participants noted that while steady debt and deposit inflows offered support to the domestic currency, a stronger US dollar and risk-off sentiment stemming from geopolitical tensions kept the rupee under pressure.
Traders expect currency markets to remain volatile as investors closely monitor global developments, dollar movements, and foreign fund flows.
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