The rupee depreciated 5 paise to 90.23 against the US dollar in early trade on Monday, pressured by higher crude oil prices, sustained foreign fund outflows and global geopolitical concerns. Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, was trading 0.14 per cent lower at 98.75

US President Donald Trump has canceled a planned second wave of attacks on Venezuela, citing improved cooperation and the release of political prisoners. He highlighted joint efforts on oil infrastructure and expected USD 100 billion in investments from major US oil companies