Rupee Declines 5 Paise Against U.S. Dollar in Early Trade

The Indian rupee fell 5 paise to open at 94.92 and touched 94.98 against the U.S. dollar in early trade on Monday, weighed down by higher crude oil prices and West Asian geopolitical tensions.

Brent crude futures rose 1.92% to $114.48 per barrel, while the dollar index declined 0.15% to 101.49.

Domestic equity indices dropped significantly in early trade, with the Sensex falling 536.30 points to 72,583.86 and the Nifty dropping 200.10 points to 22,402.80.