India, Aug. 25 -- The rupee extended its decline in early trade on Tuesday, slipping 4 paise to 95.74 against the US dollar, as higher crude oil prices and steady demand for the American currency from importers continued to weigh on the domestic unit.
Market participants said the rupee remained range-bound, with intervention by the Reserve Bank of India through public sector banks providing support and limiting the currency's downside. The USD/INR pair stayed within a narrow band despite softer Asian equities and heightened geopolitical concerns linked to Iran.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....