The Indian rupee fell for the fourth consecutive session, closing at 94.11/$ as the Reserve Bank of India (RBI) lifted restrictions on foreign exchange trading. This decline coincided with Brent crude prices exceeding $100 per barrel, impacting the currency's value.

• 01Rupee closed at 94.11/$, marking a significant decline.
• 02This is the fourth straight session of decline for the rupee.
• 03Brent crude prices rose to $103.38 per barrel.
• 04RBI's rollback of foreign exchange trade curbs influenced the rupee's depreciation.
• 05The rupee traded within a narrow range of 16 paise.

The depreciation of the rupee could lead to higher import costs, affecting prices for consumers and businesses reliant on imported goods, particularly fuel.