Rupee Depreciates 8 Paise to 90.98 Against US Dollar in Early Trade
Rupee Slides to 90.98 Amid Importer Demand and Foreign Outflows
**Snapshot**
The Indian Rupee (INR) depreciated by 8 paise in early trade on Tuesday, touching **90.98** against the US Dollar (USD).
**Key Drivers**
* **Importer Demand:** The currency faced significant pressure from robust dollar buying by metal importers.
* **Foreign Outflows:** Persistent withdrawal of funds by foreign investors continues to erode local currency value.
* **Market Sentiment:** Trading sentiment remains damp due to ongoing geopolitical instability and a sluggish domestic equity market, both of which are exacerbating the foreign capital exodus.