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The rupee weakened by 5 paise to 90.23 against the US dollar in early trade on Monday, pressured by rising crude oil prices and continued foreign fund outflows.
Forex market participants said persistent geopolitical uncertainty and concerns over potential additional US tariffs on Indian exports weighed on investor sentiment, prompting foreign institutional investors to trim equity positions. Meanwhile, traders remained cautious ahead of key macroeconomic data scheduled for release later this week.
In the interbank foreign exchange market, the rupee opened at 90.23, down 5 paise from its previous close, and traded on a weaker footing in early deals.
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