Rupee hits all-time low, slips past 90 against US dollar for first time

The Indian Rupee weakened past the psychologically crucial 90 per US dollar mark on Wednesday, extending its rough patch as the weakness in trade and portfolio flows alongside worries over a missing trade deal with Washington kept the currency under pressure.

FILE PHOTO: A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024. REUTERS/Priyanshu Singh/File Photo (REUTERS)

The rupee weakened to a low of 90.13 per US dollar, eclipsing its previous all-time low of 89.9475 hit on Tuesday. It was last down 0.3% on the day.