Rupee Weakens to 90.24 Against Dollar Amid Geopolitical Tensions

• Indian Rupee fell by 4 paise to 90.24 against the US dollar in early trade on Monday.
• Geopolitical tensions, specifically US intervention in Venezuela, fueled dollar demand.
• Equity markets opened lower, with Sensex down 135.81 points and Nifty down 25.75 points.
• Corporate dollar demand and low exporter hedging continue to pressure the local currency.
• RBI's forex reserves increased to $696.61 billion, but rupee lost half of previous gains.

Why It Matters: Geopolitical tensions and strong dollar demand led to the Rupee's marginal weakening against the USD.