The Indian rupee settled nearly flat on Monday, gaining just 1 paisa to close at 94.15 (provisional) against the US dollar, amid persistent global uncertainties and rising crude oil prices.
Forex traders noted that the rupee pared early losses during the session, though the overall sentiment remained weak due to continued FII outflows and elevated oil prices.
In the interbank forex market, the rupee opened at 94.25 and moved within a range of 94.11 to 94.28 against the dollar during the day.