Rupee falls 16 paise to 90.11 against US dollar on crude, FPI outflows

• The Indian rupee depreciated by 16 paise to 90.11 against the US dollar in early trade on Monday.
• Elevated crude oil prices and persistent foreign fund outflows contributed to the rupee's fall.
• Strong dollar demand from corporates, importers, and foreign portfolio investors also pressured the rupee.
• Investors are now focused on the US Federal Reserve's policy outcome, expected on December 9-10.
• India and the US will begin three-day talks on a bilateral trade agreement from December 10.

Why It Matters: A weaker rupee increases import costs and affects your purchasing power.