India, June 8 -- The Indian rupee declined 17 paise to 95.35 against the US dollar in early trade on Monday, pressured by the strength of the American currency in global markets and heightened geopolitical tensions in West Asia.
According to forex traders, robust US economic data has supported the dollar, while rising crude oil prices have weighed on investor sentiment. Brent crude prices climbed after Iran launched multiple rounds of missiles toward Israel, intensifying concerns over regional stability and the sustainability of ceasefire efforts.
Market participants are closely tracking developments in West Asia, along with upcoming US economic data releases that could provide further guidance on the US Federal Reserve's interest rate tr...