India, Nov. 10 -- The Indian rupee slipped 4 paise to 88.69 against the US dollar in early trade on Monday, pressured by the strength of the greenback in overseas markets and elevated crude oil prices.
According to forex traders, sentiment for the rupee remains fragile amid ongoing global uncertainties.
They added that the US government shutdown is paradoxically supporting the dollar, as halted government spending has tightened dollar liquidity, offering short-term strength to the currency.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....