The Indian rupee declined 10 paise to close at 95.29 per US dollar on Tuesday, pressured by rising global crude oil prices and continued strength in the US currency amid increased safe-haven demand.
In the interbank foreign exchange market, the rupee opened at 95.16, strengthened to an intraday high of 95.03, but later pared gains to touch a low of 95.31 before settling at 95.29 against the greenback.
Market participants noted that higher crude oil prices, a firm US dollar, and persistent foreign fund outflows weighed on investor sentiment, contributing to the rupee's decline during the session.