Rupee Dips 5 Paise to 90.23 Against US Dollar Amid Rising Crude, Fund Outflows

• The Indian rupee depreciated by 5 paise to 90.23 against the US dollar in early trade on Monday.
• Rising crude oil prices and continuous outflow of foreign funds are key factors for the rupee's fall.
• Geopolitical volatility and concerns over potential US tariffs on Indian exports fueled FII selling.
• The rupee had previously closed at 90.18 against the US dollar on Friday, falling 28 paise.
• India's forex reserves dropped by $9.809 billion to $686.801 billion in the week to January 2.

Why It Matters: Rupee weakens against the dollar due to rising crude, foreign fund outflows, and geopolitical concerns.