India, Nov. 27 -- The rupee slipped by 2 paise to 89.24 against the US dollar in early Thursday trade, weighed down by increased demand for the American currency from importers amid global market volatility.

Forex traders noted that fresh foreign capital inflows into domestic equities and softer international crude oil prices provided some support to the local unit. At the interbank foreign exchange market, the rupee opened at 89.19 and later weakened to 89.24 in initial trades, down 2 paise from its previous close.

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