India, Dec. 26 -- The Indian rupee weakened by 23 paise to trade at 89.94 against the US dollar in early trade on Friday, pressured by sustained foreign fund outflows and a rebound in crude oil prices. Market participants noted that a negative trend in domestic equities, increased dollar demand from importers, and uncertainty around global trade deals further dampened investor sentiment.
In the interbank foreign exchange market, the rupee opened at 89.84 against the dollar but gradually lost ground, slipping to 89.94, compared with its previous close.
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