The Indian rupee weakened to a four-week low of 95.62 per US dollar on Monday, extending a period of sustained selling pressure against the greenback.
The currency lost 29 paise in the session, marking its weakest close since late June.
Rising crude oil prices and continued outflows from foreign portfolio investors (FPIs) were the primary drivers of the decline.
As a major importer of energy, India’s trade balance is sensitive to oil price movements, and higher benchmarks for Brent and WTI crude increase the cost of imports, putting downward pressure on the rupee.
This move follows a fourth consecutive session of losses, during which the rupee had already weakened by 0.6% to close at 95.25.
The recent depreciation has tracked broader weakness across Asian currencies, which have faced headwinds from a combination of geopolitical risks and shifting capital flows.