Rupee slips 14 paise to 90.09 vs USD; crude oil, FII outflows cited

• Rupee depreciated 14 paise to close at 90.09 against the US dollar.
• The fall was driven by elevated crude oil prices, persistent foreign fund outflows, and sustained importer demand for the American currency.
• Uncertainty surrounding the India-US trade deal also contributed to fragile investor sentiment.
• RBI Governor stated the central bank does not target any band for the rupee, allowing the market to determine its level.
• Indian equity markets saw significant declines, and foreign institutional investors sold equities worth Rs 438.90 crore.

Why It Matters: The rupee's fall makes imports pricier, affecting your finances.