Rupee slips as tepid stocks dull boost from firmer Asian peers

The Indian rupee edged lower against the US dollar on Monday, weighed by a 0.4% dip in the Nifty 50 and increased dollar demand from foreign banks. Positive cues from a US-Iran de-escalation and firmer Asian currencies failed to lift the domestic unit. Traders are focused on upcoming US jobs data for signals on the Federal Reserve's rate path.