India, Dec. 10 -- The rupee declined by 9 paise to close at 89.96 (provisional) against the US dollar on Wednesday, weighed down by weak domestic equity markets and continued foreign fund outflows.
According to forex traders, market participants remained cautious and avoided major bets ahead of cues from the US Federal Reserve, keeping the currency under slight pressure.
Investors are also awaiting developments from the US-India trade talks, which may provide support to the rupee in the coming sessions.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....