India, Dec. 8 -- The rupee weakened by 14 paise to close at 90.09 (provisional) against the US dollar on Monday, as elevated crude oil prices and persistent foreign fund outflows weighed on sentiment.
According to forex dealers, sustained dollar demand from importers, equity outflows by foreign investors and continued uncertainty over the India-US trade deal kept market mood cautious.
At the interbank forex market, the currency opened at 90.07 and slipped to an intra-day low of 90.26, marking a 31 paise decline from the previous close.
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