Rupee falls 9 paise to 89.96 against US dollar on outflows

• The rupee depreciated 9 paise to close at 89.96 against the US dollar on Wednesday.
• The depreciation was attributed to negative domestic equities and sustained foreign fund outflows.
• Investors are awaiting clarity from the US Federal Reserve and cues from US-India trade talks.
• Commerce Minister Piyush Goyal confirmed that US-India bilateral trade agreement talks are progressing.
• Foreign Institutional Investors sold equities worth Rs 3,760.08 crore on Tuesday.

Why It Matters: Rupee's depreciation affects India's economy and your daily expenses.