Rupee falls 9 paise to 89.96 against US dollar

• Rupee depreciated 9 paise to close at 89.96 against the US dollar.
• The fall was due 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.
• US-India trade talks are progressing, with a US delegation currently in India for discussions.
• Domestic equity markets declined, and Foreign Institutional Investors sold ₹3,760.08 crore in equities.

Why It Matters: Rupee's decline signals economic shifts, affecting trade and investment.