<h1>Rupee slips 12 paise to 88.14/USD as FPIs net sell, central bank sells dollars; markets limit losses</h1> The domestic currency weakened by 12 paise to close at 88.14 per US dollar amid sustained foreign fund outflows and a stronger dollar, with the central bank conducting dollar sales and foreign portfolio investors net sellers. Domestic equities and falling international crude limited losses; indices closed higher. Trading ranged roughly 87.85-88.19 intraday, with analysts projecting a near-term band of about 87.80-88.50. Reported foreign institutional net equity sales totaled approximately Rs 1,666.46 crore. Market-sensitive macro factors and capital flow dynamics drove the movement.