The Indian rupee closed modestly weaker on Monday, settling at 94.54 per US dollar as a decline in local equities neutralized potential support from stronger Asian peers.
The currency traded in a narrow range throughout the session, reflecting thin liquidity and cautious positioning among traders.
The move marks a continuation of the rupee's recent softness.
Over the past week, the currency has lost approximately 18 paise, or 0.2%, against the greenback, reversing some earlier momentum.
Earlier in the week, the rupee had weakened to 94.86 per dollar in early trade, signaling persistent pressure despite broader regional stability.
Local market dynamics played a decisive role in Monday's session.