The Indian rupee dropped by 3 paise to 84.83 against the US dollar on Monday, reflecting the weak performance of domestic equities and rising crude oil prices. Forex traders highlight persistent dollar demand as a key factor in the rupee's decline.

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The Indian rupee weakened by 3 paise to 84.83 against the US dollar in early trading on Monday, driven by a muted trend in domestic equities and rising crude oil prices.
Forex traders noted that the rupee continues to be under pressure due to persistent dollar demand from importers and foreign banks. At the interbank foreign exchange market, the rupee opened at 84.83, marking a 3 paise drop from its previous close of 84.80.