The Indian Rupee (INR) fell 4 paise to 83.55 against the US dollar on Monday due to strong American currency and increasing prices of crude oil. However, expected rate cuts by the Federal Reserve, persistent FDI, and lower US bond yields may help INR appreciation.

As per forex traders, positive developments in domestic equities and significant foreign fund inflows assisted the rupee and restricted the slide.

Due to the Reserve Bank of India's (RBI) regular interventions, the local currency's decline may be restricted further. Also, the value of INR may be prevented from falling to levels that would be close to multi-month lows.

Differentials in Interest Rates, differentials in Inflation, Current Account Deficits, Public Debt, and Terms of Trade are some of the factors which influence currency exchange rates.

Currency & Rates:

US Dollar - 83.573008

Euro - 91.016892

British Pound - 108.362662

Australian Dollar - 56.596500

Canadian Dollar - 61.167581

Singapore Dollar - 62.226216

Swiss Franc - 93.366575

Malaysian Ringgit - 17.875701

Japanese Yen - 0.528824

Chinese Yuan Renminbi - 11.505381