Rupee Declines Three Paise to 95.91 Against U.S. Dollar in Early Trade

The Indian rupee fell 3 paise to open at 95.89 and traded further down at 95.91 against the U.S. dollar on September 16, pressured by a strong American currency and foreign fund outflows.

The dollar index rose 0.04% to 99.38 amid market expectations of an interest rate hike by the U.S. Federal Reserve, while Brent crude remained elevated at $108.12 per barrel following West Asian tensions.

Domestic equities provided support as the Sensex climbed 240.75 points to 74,244.57 and the Nifty gained 83.70 points to 23,202.30, despite foreign institutional investors offloading ₹2,977.86 crore on Tuesday.