Rupee drops 24 paise to 94.25 against US dollar in early trade

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The Indian Rupee continues its downward trend, falling for the fifth consecutive day. This decline is driven by volatile crude oil prices and a strong US dollar. Tensions in West Asia are also contributing to market uncertainty. Foreign investors are withdrawing funds from domestic stock markets, impacting the currency further. The Sensex and Nifty are also trading lower.