Rupee falls 10 paise to 96.45 against US dollar ahead of RBI monetary policy decision

In early Wednesday trading, the rupee depreciated by 10 paise, settling at 96.45 against the US dollar. Investors are keenly awaiting the Reserve Bank of India's upcoming monetary policy decisions regarding interest rates and liquidity, with many analysts predicting a rate hike due to escalating inflation concerns stemming from the ongoing conflict in West Asia.