Rupee slips 4 paise to 96.39 against US dollar Rupee remained under pressure against the US dollar on Tuesday, slipping 4 paise to 96.39 in early trade as higher crude oil prices and continued foreign investor selling weighed on the currency.The currency, however, found some support from gains in domestic equities and a softer dollar. Earlier on Monday, rupee had ended at 96.35 against the US dollar after losing 10 paise.Forex traders said the domestic currency opened at 96.29 at the interbank foreign exchange before falling to 96.39.”The Reserve Bank has been protecting the rupee from its fall at 96.33 but the demand of dollar from FPIs and oil companies has not come down despite oil falling to $100.63 per barrel and dollar index to 102.12,” Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP, said.The pressure on the rupee comes even as Brent…
