Rupee drops 20 paise to 95.95 against US dollar in early trade

The rupee depreciated 20 paise to touch 95.95 against the US dollar in early trade on Monday, driven by a stronger greenback and foreign fund outflows.

Elevated global crude oil prices and ongoing West Asia conflicts added pressure to the local unit during interbank foreign exchange trading.

India's forex reserves dropped $14.881 billion to $765.901 billion during the week ended September 18, according to RBI data released on Friday.