India, Feb. 16 -- The Indian rupee weakened by 1 paisa to 90.67 against the US dollar during early trading on Monday, pressured by foreign institutional investor (FII) outflows and a firmer US currency.
Forex traders said the local currency also faced headwinds from a slight uptick in global crude oil prices and a sharp drop in India's foreign exchange reserves.
In the interbank foreign exchange market, the rupee opened at 90.63 against the dollar before slipping to 90.67, compared to its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....