The Indian rupee appreciated by 6 paise to settle at 84.35 against the US dollar in early trading hours on Monday, supported by positive domestic market trends. However, forex traders highlighted ongoing challenges posed by global factors, including elevated crude oil prices and a firm Dollar Index.

At the interbank foreign exchange, the rupee opened at 84.38, trading in a tight range before settling at 84.35 against the greenback, marking a gain of 6 paise from its previous close. On Friday, the rupee had recovered from an all-time low, appreciating by 9 paise to close at 84.41 against the US dollar.