<h1>Rupee slips to 89.36 on stronger dollar, importer demand, despite support from lower oil and firm equities</h1> The Indian rupee depreciated by 14 paise to close at 89.36 against the US dollar in interbank foreign exchange amid higher dollar demand from importers and banks for month-end trade settlements. The rupee traded in a range between 89.19 and 89.40, after having closed flat at 89.22 in the previous session. Despite weakness, lower international crude oil prices and resilient domestic equity markets provided some support. The dollar index rose to 99.63, reflecting broader greenback strength. Foreign institutional investors were net sellers in Indian equities, offloading shares worth approximately Rs 1,255 crore, though anticipated positive flows and strong secondary markets may constrain further rupee depreciation.