Rupee falls 4 paise to 88.69 against US dollar in early trade

MUMBAI: The rupee fell 4 paise to 88.69 against the US dollar in early trade on Monday, 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.