Rupee sinks further: Rupee hits new all-time low of 90.74 vs dollar; trade deal uncertainty, FII outflows weigh

The Indian rupee hit a fresh all-time low of 90.74 against the US dollar, pressured by uncertainty over an India-US trade deal and continued foreign fund outflows. Despite positive macro cues, the rupee struggled as importers’ strong dollar demand and risk-averse sentiment dominated. Experts see a bullish near-term bias for the USD-INR pair.