Rupee tumbles down to all time low of 90.75 against US dollar

The rupee plunged 26 paise to an all-time low of 90.75 against the US dollar in intra-day trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.

Forex traders said the rupee is expected to trade with a negative bias as the delay in the trade deal between India and the US dented investor sentiments.

Moreover, prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further pressured the rupee.