Rupee Slips 5 Paise To Close At 96.30 Against U.S. Dollar

The Indian rupee depreciated by 5 paise to close provisionally at 96.30 against the U.S. dollar on Monday.

The decline was attributed to elevated crude oil prices and ongoing foreign fund outflows keeping the currency range-bound.

Meanwhile, the Reserve Bank of India's Monetary Policy Committee commenced its three-day meeting to decide on interest rates.