The Indian rupee fell on Monday, following the positive trend in neighbouring currencies at the beginning of a week where its performance will be influenced by updates on US tariffs, economic data, and the response of the local central bank. The rupee closed at 87.3700 compared to 87.4950 in the previous session, marking a 1 per cent decline in February, its fifth consecutive monthly loss. A trader from a private bank noted a slight recovery in the rupee last week after being slightly oversold. Hedging demand, equity outflows, and market flows pushed the rupee lower last week. The dollar index fell 0.4 per cent to 107.21 in Asian trading, with attention on tariff implementation. Attribution: Reuters Subediting: M. S. Salama
