Rupee drops 10 paise to 90.15 vs US dollar amid Fed caution, FPI outflows

• Rupee depreciated by 10 paise to 90.15 against the US dollar in early trade.
• Increased dollar demand from corporates, importers, and foreign portfolio investors contributed to the rupee's fall.
• Investors are in a "wait and watch" mode, awaiting clarity from the US Federal Reserve's upcoming meeting.
• The market is also focused on the US-India trade talks scheduled to begin on December 10.
• Indian equities (Sensex, Nifty) were trading lower, and Foreign Institutional Investors sold equities worth Rs 655.59 crore on Monday.

Why It Matters: Rupee's fall affects import costs, trade, and your purchasing power.