The Indian rupee slipped 2 paise to trade at 84.49 against the US dollar in early trade on Friday, as significant foreign fund outflows and strong month-end dollar demand from importers weighed on the currency. According to forex traders, the rupee remains under pressure due to persistent dollar demand from importers and foreign banks.

At the interbank foreign exchange market, the rupee opened at 84.49, recording a marginal decline of 2 paise compared to its previous close of 84.47. On Thursday, the rupee had already weakened by 7 paise to end at 84.47 against the greenback.