The rupee slipped 5 paise to 88.75 against the US dollar in early Friday trade, weighed down by weak domestic equities and continued foreign fund outflows.
According to forex traders, sentiment remains cautious amid the absence of any announcement on the India–US trade deal.
At the interbank foreign exchange market, the rupee opened at 88.70 per dollar and later eased to 88.75, marking a 5-paise decline from its previous close.