Rupee slips 6 paise to 96.31 against US dollar in early trade

The rupee weakened against the US dollar due to global crude oil volatility and a stronger greenback. Foreign institutional investor outflows continued to pressure the local currency in early trade. The West Asia crisis intensified with further strikes and retaliatory actions by Iran. Domestic equity markets opened positively, providing some support to the rupee. The dollar index saw a marginal increase while Brent crude prices remained volatile.