The Indian rupee fell by 13 paise to 95.56 against the US dollar in early trade on Monday, pressured by rising global crude oil prices and strengthening dollar sentiment.
Bond markets are facing a potential selloff as investors react to the Federal Reserve's interest rate outlook and the ongoing economic instability in West Asia.
Analysts warn that the combination of a rebounding dollar and spiking oil costs could further weigh on the INR, impacting India's import bill and inflation projections.