Rupee slips 3 paise to 89.90 against Dollar in early trade

India, Jan. 8 -- The Indian rupee slipped 3 paise to 89.90 against the US dollar in early trade on Thursday, pressured by a rise in global crude oil prices and continued foreign institutional investor (FII) outflows.

Forex traders said the strengthening US dollar and weak sentiment in domestic equity markets added to the downside pressure on the local currency.

In the interbank foreign exchange market, the rupee opened at 89.96 against the dollar and later edged up to 89.90, still 3 paise lower than its previous close.

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