The Times of India

Rupee in red: Currency falls 7 paise in early trade; reaches 89.97 against US dollar

The Indian rupee weakened against the US dollar on Friday, trading at 89.97 due to persistent foreign investor selling and rising global crude oil prices. US tariffs and a subdued domestic stock market also contributed to the pressure. The Reserve Bank of India has been actively intervening to manage the rupee's volatility.