Here are 10 things to know about the movement in the rupee against the US dollar on Monday (January 6):
The rupee ended at 71.93 against the US currency on Monday, down 13 paise compared with its previous close of 71.80.
That marked the third day in a row when the rupee moved lower against the dollar, a period in which it lost a cumulative 71 paise against the greenback.
Analysts expect some pressure on the rupee to continue against the greenback in the near term due to growing geopolitical tensions.
Crude oil prices continued their sharp upwards momentum on Monday, with Brent futures - the global benchmark - jumping past the $70 a barrel mark.
The gains extended Friday's more than 3 per cent surge after a US air strike in Iraq killed Iranian military commander Qassem Soleimani, heightening concerns about an escalation in conflict in the Middle East and the possible impact on oil supplies.
US President Donald Trump has warned Iran of "major retaliation" if Tehran carries out any attack against America to avenge the killing of Soleimani and hinted at striking its cultural sites.
Mr Trump's statement came hours after Iran announced it will no longer abide by the limits contained in the 2015 landmark nuclear deal.
Domestic stock markets felt the brunt of surging crude oil rates. The S&P BSE Sensex index declined 787.98 points - or 1.90 per cent - to end at 40,676.63 in its worst single-day fall since July 8.
India, the world's third-biggest oil consumer, imports about 80 per cent of its oil needs, making it highly susceptible to crude price swings.
Foreign institutional investors (FIIs) offloaded a net Rs 1,263.05 crore from Indian capital markets on Friday, provisional data from the NSE showed.