India, Dec. 8 -- The Indian rupee weakened by 16 paise to 90.11 against the US dollar in early Monday trade, weighed down by firm crude oil prices and continued foreign fund outflows.
Forex dealers noted that strong dollar demand from corporates, importers and foreign portfolio investors added pressure on the currency.
At the interbank forex market, the rupee opened at 90.07 per dollar and subsequently slipped to 90.11, marking a 16 paise decline from its previous close.
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