Rupee Falls to 89.95 Against US Dollar Amid Foreign Fund Outflows

• Indian Rupee depreciated by 5 paise, trading at 89.95 against the US dollar in early Monday trade.
• Foreign fund outflows and continued offloading of Indian equities by FPIs are cited as primary reasons for the rupee's weakness.
• The rupee has been the worst-performing currency in emerging and Asian markets.
• RBI actively intervenes with spot interventions and liquidity tools to prevent disorderly currency movements.
• India's forex reserves increased by $4.368 billion to $693.318 billion, providing a strong buffer.

Why It Matters: Rupee weakens to 89.95 against the dollar due to foreign outflows, despite RBI's stabilizing efforts.