Indian rupee weakens to 96.39 against US dollar in early trading

The Indian rupee came under selling pressure in early foreign exchange trading, sliding to 96.39 against the US dollar during the opening session. The currency opened at 96.29 but extended its losses as the session progressed, marking a decline of 4 paise from the previous close.

The movement reflects ongoing weakness in the rupee against the greenback, which has maintained its strength amid broader global economic conditions. Interbank trading activity showed consistent selling of the domestic currency throughout the morning session.

The rupee's depreciation comes as investors continue to monitor the US dollar's trajectory and its implications for India's external sector. Foreign exchange dealers attributed the weakness to standard market dynamics, with the currency pair remaining volatile.

Market participants will be watching for any policy responses or economic data that could influence the rupee's direction in subsequent trading sessions. The movement underscores the ongoing challenge of rupee stability amid fluctuating global financial conditions.