The Indian rupee weakened by 17 paise to 88.26 against the US dollar in early trade on Monday, pressured by persistent foreign fund outflows and weak investor sentiment.
At the interbank foreign exchange market, the domestic currency opened at 88.18 and slipped to an early low of 88.26, compared with its previous close of 88.09. Forex traders noted that ongoing US tariff concerns and sustained FPI withdrawals are likely to keep the rupee under pressure.