Rupee Weakens to 90.22 Against Dollar Amidst Global Pressures

• The Indian Rupee depreciated by 5 paise to 90.22 against the US Dollar in early trade on Tuesday.
• Factors contributing to the Rupee's weakness include a strengthening US Dollar, elevated crude oil prices, and continuous outflow of foreign funds.
• Analysts point to unprecedented geopolitical concerns and global trade uncertainties increasing demand for the dollar worldwide.
• Foreign Institutional Investors (FIIs) sold equities worth 3,638.40 crore rupees on Monday, impacting the Rupee.
• Despite Rupee's weakness, domestic equity markets (Sensex and Nifty) saw gains, supported by strong macroeconomic data like retail inflation and direct tax collections.

Why It Matters: The Rupee hit 90.22 against the dollar due to global factors, despite positive domestic economic indicators.