Rupee Slips 3 Paise to 89.90 Against Dollar Amid Rising Crude Prices and FII Outflows

The Indian rupee weakened 3 paise to 89.90 against the US dollar in early trade on Thursday, pressured by rising global crude oil prices, foreign institutional investor (FII) outflows, and a stronger dollar. Weak domestic equities added to the losses, with the Sensex falling 255 points and Nifty down 66 points in early trade. The rupee had earlier closed at 89.87 following RBI intervention to curb dollar strength. Brent crude traded higher at USD 60.19 per barrel, while FIIs offloaded equities worth ₹1,527.71 crore, reflecting market volatility and external pressures on the currency.

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