The rupee fell 4 paise to 88.69 against the US dollar in early trade on Monday (November 10), weighed down by the strength of the American currency in the overseas market and elevated crude oil prices.

Forex traders said the rupee sentiment remained fragile amid global uncertainty.

The US shutdown is providing a counter-intuitive lift to the dollar, with government spending halted, fewer dollars are circulating — tightening supply and offering short-term support to the currency, they said.

At the interbank foreign exchange market, the rupee opened at 88.64, and slipped to 88.69 against the greenback, registering a fall of 4 paise from its previous close.

On Friday (November 7), the rupee slipped 2 paise to 88.65 against the US dollar.

”The RBI’s defence of the 88.80 level has now beco

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