The Indian Rupee fell to a new record low on Friday amid persistent concerns over the delay in finalising an India–US trade agreement. Weak investor sentiment and the possibility of portfolio outflows contributed to renewed pressure on the currency.
The rupee slipped to 90.5175 against the US dollar, breaching its previous all-time low of 90.4675, recorded on December 11. Market analysts attributed the depreciation to uncertainty surrounding ongoing trade discussions and a cautious global risk environment.
Currency traders noted that the absence of progress in bilateral negotiations has weighed heavily on market confidence, prompting the rupee to extend its recent downward trend.
