The Indian rupee started the week by depreciating 10 paise to 83.50 against the US dollar. The rise in the dollar index and US yields contributed to this decline, despite Narendra Modi’s inauguration for a third term as Prime Minister. Anil Kumar Bhansali, from Finrex Treasury Advisors LLP, attributed the rupee’s opening to these factors, suggesting the RBI’s intervention to stabilize it. The dollar index surged to 105.18, while Brent crude futures rose to $79.87 per barrel. Domestic equities marked record highs, with Sensex trading at 76,985.44 points, and Nifty at 23,291.50 points.