Rupee Edges Lower Amid Dollar Strength Pressure

Rupee Edges Lower Amid Dollar Strength Pressure

The rupee dipped 6 paise to 88.72 against the US dollar in early trade, pressured by a strong greenback and steady foreign capital outflows from key investment sectors. Gains in domestic equities and easing crude oil prices abroad helped curb a sharper fall. Analysts said these mixed forces kept the currency movement relatively contained for now.