Rupee weakens amid corporate dollar demand but does not breach 90

The Indian rupee ‍weakened for a third straight session ​on Monday as corporate dollar demand via private banks ⁠pressured the currency, with bids at the central bank's reference rate adding to the drag, traders said. The rupee closed at 89.9750 per U.S. dollar, softer than Friday's ‌89.85 finish. ‌It opened at 89.88 and slipped steadily through the session.