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( As on 09/01/2026 10:25)

Rupee slips 7 paise to 89.97 against US dollar in early trade

The Indian rupee weakened by 7 paise to 89.97 against the US dollar in early trading on Friday, pressured by continued foreign institutional investor (FII) outflows and rising global crude oil prices.

Forex traders said concerns over potential additional US tariffs and subdued sentiment in domestic equity markets led foreign investors to pare equity holdings, further weighing on the local currency.

In the interbank foreign exchange market, the rupee opened at 88.88 against the dollar but soon slid to 89.97, marking a 7-paise decline from its previous close.