Rupee falls 23 paise to 89.94 against US dollar in early trade

The Indian rupee weakened by 23 paise to 89.94 against the US dollar on Friday, influenced by foreign fund outflows and rising crude oil prices. Demand from importers and trade deal uncertainties also impacted investor sentiment. Domestic equities saw a dip, with the Sensex and Nifty declining in early trade. Foreign institutional investors continued their selling spree.