Rupee Gains 12 Paise Against US Dollar in Early Trade

• The Rupee rose by 12 paise to 90.66 against the US Dollar in early Monday trade, supported by a weaker dollar.
• Despite the gain, forex analysts noted caution among investors due to continuous foreign fund outflows and high crude oil prices.
• The Rupee opened at 90.68 in interbank foreign exchange and advanced to 90.66, recovering from Friday's close of 90.78.
• The dollar index, measuring the dollar's strength against six currencies, was down 0.21 percent at 98.99.
• Domestic equities, Sensex and Nifty, saw declines, and Foreign Institutional Investors sold equities worth 4,346.13 crore rupees on Friday.

Why It Matters: The Rupee strengthened against the US Dollar despite investor caution over fund outflows and crude oil prices.