Rupee slips 8 paise to 84.38 against US dollar

The rupee weakened against the US dollar. This happened due to a stronger dollar index and weaker Asian currencies. Geopolitical tensions between India and Pakistan also affected investor sentiment. Crude oil prices and foreign fund inflows offered some support. Markets are reacting to potential policy changes. The rupee's movement is expected to be volatile. Sensex and Nifty also experienced declines.