By Jaspreet Kalra MUMBAI, Feb 4 (Reuters) - The Indian rupee slipped in early trading on Wednesday after a sharp rally in the previous session, as corporates stepped up hedging activity, while traders focused on the scale of demand for the RBI's FX swap slated for later in the day.

Indian rupee slips to 90.43 per dollar after US–India trade deal rally stalls; FPI inflows and corporate dollar demand shape near-term outlook.

The Indian Rupee opened weaker on Wednesday. This followed a significant gain on Tuesday. The Rupee became the best performing Asian currency. This surge was due to a trade agreement reached between India and the United States.

The Indian rupee is likely to weaken at the open on Wednesday after posting its biggest single-day rise in seven years following the U.S. trade deal, with traders flagging potential dollar buying by large corporates.

Rupee experiences a relief rally following a US trade deal, but capital flows remain critical for future stability.