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Rupee weakens to 89.90 vs US dollar amid higher crude prices, FII outflows

The rupee weakened by 3 paise to 89.90 against the US dollar in early trade on Thursday due to rising global crude oil prices, FII selling and a stronger dollar. A strengthening dollar and weaker sentiments in the domestic equity markets put additional pressure on the rupee, forex traders said

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The rupee fell 3 paise to 89.90 against the US dollar in early trade on Thursday weighed down by a rise in global crude oil prices and FII outflows.

A strengthening dollar and weaker sentiments in the domestic equity markets put additional pressure on the rupee, forex traders said.

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