India, Jan. 9 -- The rupee fell 7 paise to settle at 89.94 (provisional) against the US dollar on Thursday, weighed down by a host of factors, including higher crude oil prices, foreign fund outflows, and a stronger greenback.

The apprehension of any further tariffs by the US and weak sentiments at the domestic equity markets further pressured the local unit, forex traders said.At the interbank foreign exchange, the rupee opened at 89.96 and traded in the range of 89.73 to 90.13. It eventually settled at 89.94 (provisional), down 7 paise from its previous close.

"India faces big trouble on its exports if the US increases tariffs by even 10 bps, as sentimentally it changes from 'the deal in pipeline' to 'back to square one'. RBI shorts i...