Rupee slips 5 paise to 94.98 per dollar on oil prices, West Asia tensions

The rupee fell 5 paise to 94.98 against the US dollar in early trade on Monday, after opening at 94.92 on the interbank foreign exchange market. Forex traders said elevated crude oil prices, geopolitical tensions in West Asia and risk aversion in global markets weighed on the currency, which traded in a narrow range.