Rupee Dips 8 Paise to 90.69 Against US Dollar Amid Stronger Greenback

• The rupee depreciated 8 paise to 90.69 against the US dollar in early trade on Friday.
• Strengthening American currency and a negative trend in domestic equities pressured the rupee.
• Reports of Russia potentially returning to the dollar settlement system bolstered the dollar's strength.
• A stronger dollar makes dollar-priced commodities more expensive for buyers using other currencies, impacting the rupee.
• Domestic equity markets saw Sensex and Nifty decline in early trade, while foreign institutional investors purchased equities.