India, Oct. 5 -- The Indian rupee remained largely range-bound against the US dollar in Monday's early trade, staying close to the 96 per dollar mark as elevated crude oil prices and continued foreign fund outflows kept pressure on the domestic currency.
Market participants said RBI intervention in the forex market helped contain sharp swings and provided some support to the rupee. However, a stronger US dollar and concerns over higher import costs continued to weigh on the currency.
The rupee began the session at 96.20 per US dollar and weakened marginally to 96.26, marking a 1-paisa decline from its previous close.
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