Rupee edges lower to ₹96.05 against dollar: What is driving the move

The Indian rupee opened back above the ₹96-per-dollar mark on Tuesday (September 29), weighed down by higher US yields and elevated oil prices. The rupee opened at ₹96.05 against the US dollar, compared with Monday’s (September 28's) close of ₹95.98, marking a 7-paise decline.The ₹96-per-dollar lev…