Rupee drops 10 paise to 96.45 against dollar ahead of RBI policy

The Indian rupee declined 10 paise to close at 96.45 against the US dollar amid sustained foreign fund outflows and global dollar strength.

Persistent capital withdrawals by foreign investors and the strengthening of the US currency have weighed on the rupee's performance. The currency movement comes as markets await the Reserve Bank of India's policy decision, which is expected to influence rupee trajectory in the near term.