The rupee slipped 17 paise to 90.11 against the US dollar on Thursday as risk-averse sentiment, strong importer demand and sustained FPI outflows weighed on the currency. Markets are tracking cues from the ongoing US–India trade talks for direction.

Mumbai: The rupee depreciated 17 paise to 90.11 against the US dollar in early trade on Thursday as prevailing risk-averse market sentiment, compounded by a high US dollar demand from importers, dented investor sentiments.

Forex traders said the rupee is likely to trade with a negative bias on muted domestic markets and sustained foreign fund outflows.

Moreover, investors are also awaiting cues from the US-India trade talks, which could boost the rupee in the coming days.

At the interbank foreign exchange, the rupee opened at 89.95 against

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