Rupee declines 7 paise to 94.58 against the dollar amid month-end demand and geopolitical concerns, while dollar index rises.

At the interbank foreign exchange market, the rupee opened at 94.36, then gained momentum and touched an intraday high of 94.25 and a low of 94.56 against the American currency

The rupee fell 9 paise to 94.54 against the dollar, impacted by geopolitical tensions despite initial positive trends in forex.