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Rupee slips 3 paise to 89.90 against US dollar in early trade

Rupee slips 3 paise to 89.90 against US dollar in early trade

The Indian rupee weakened by 3 paise to trade at ₹89.90 against the US dollar in early trade on Thursday. The decline was driven by a stronger US dollar in global markets, rising crude oil prices, and continued foreign fund outflows.

Market analysts noted that domestic equity markets were also slightly subdued, adding pressure on the rupee. Traders are closely watching global commodity trends, foreign investment flows, and policy signals from the Reserve Bank of India for cues on the currency’s near-term direction.

Despite minor fluctuations in previous sessions, the rupee faces ongoing pressure from international factors, reflecting a mix of external and domestic influences on the forex market.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.