India, Dec. 29 -- The rupee slipped 5 paise to 89.95 against the US dollar in early trade on Monday, pressured by foreign fund outflows and a muted start in domestic equity markets.
Forex traders noted that continued selling by foreign portfolio investors in Indian equities has weighed on the local currency in recent months. At the interbank foreign exchange, the rupee opened at 89.95 per dollar, compared with its previous close of 89.90.
On Friday, the rupee had depreciated 19 paise to settle at 89.90 against the US dollar.
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