India, Dec. 11 -- The rupee weakened by 17 paise, opening at 90.11 per US dollar on Thursday, as risk-averse sentiment and strong dollar demand from importers weighed on the currency.
According to forex traders, the rupee is expected to trade with a bearish bias, pressured by muted domestic market cues and continued foreign fund outflows.
Meanwhile, investors are looking ahead to the upcoming US–India trade discussions, which may offer support to the rupee in the near term.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....