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( As on 03/12/2025 13:12)

Rupee hits record low of 90.25 against US dollar in intra-day trade

The rupee slid to a fresh all-time low of 90.25 against the US dollar in intra-day trading on Wednesday, weakening 29 paise from its previous close amid continued foreign fund outflows and sustained dollar purchases by banks.

Forex traders said the pressure on the currency was compounded by declining domestic equity markets and the lack of progress on an India–US trade agreement.

At the interbank forex market, the rupee opened at 89.96 and later dropped to its record intra-day low of 90.25.