Rupee falls 28 paise to 95.64 against US dollar in early trade

Rupee falls 31 paise to close at 95.67 against U.S. dollar

India's rupee hit 95.67 per USD (down 31 paise) after the U.S. Trade Representative proposed 12.5% additional duties on Indian imports citing forced labour violations. Higher tariffs and currency depreciation compress offshore IT sourcing margins while signaling prolonged U.S. trade friction with India's services sector.