Indian Rupee opens at 90.67 against USD, experiencing slight depreciation amid multiple economic pressures. Foreign institutional investors continue equity sell-offs, contributing to currency volatility. Forex reserves have declined by $6.711 billion, dropping to $717.064 billion in recent reporting week. The dollar index remains marginally strong at 96.93, while global crude oil prices show a modest uptick. Market participants are closely monitoring upcoming trade balance figures that could further influence rupee movement. Domestic equity markets reflect cautious sentiment, with Sensex and Nifty showing early session declines. Traders anticipate potential range-bound trading as US markets observe Presidential Day holiday.
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