Rupee falls 5 paise to 89.73 against US dollar in early trade

MUMBAI: (Dec 23) The rupee fell 5 paise to 89.73 against the US dollar in early trade on Tuesday amid FII outflows and a weak opening in the domestic equity markets.

However, a weaker greenback and a drop in global crude oil prices prevented sharper losses in the local unit, according to forex traders.

At the interbank foreign exchange, the local unit opened at 89.67 against the dollar but lost ground to trade at 89.73, down 5 paise from its previous close.