Rupee falls 10 paise to 85.28 as strong dollar, geopolitical risks weigh

The Indian rupee opened the week weaker, declining 10 paise against the US dollar to trade at 85.28. A broadly stronger dollar and ongoing geopolitical uncertainties were the primary drivers of the currency's decline. Despite potentially supportive factors such as lower global oil prices, the rupee was unable to recover, reflecting fragility in the currency market. Indian equity markets, however, bucked the trend, with key stock indices rising more than 0.4% at the open.