<h1>Rupee Slips to 89.20 Amid Foreign Outflows, Negative Equities, Still Seen Range-Bound Between 89 and 89.50</h1> The Indian rupee closed at 89.20 against the US dollar, down 4 paise from the previous session, amid pressure from negative domestic equity performance and continued foreign institutional investor outflows. The currency traded between 89.02 and 89.27 intraday, following recent heightened volatility that included a lifetime low of 89.66. Falling Brent crude prices and generally positive global sentiment provided some support. A research analyst indicated expectations of a slight negative bias in the rupee due to importer dollar demand and foreign outflows, with projected trading between 89 and 89.50.