The Indian rupee slipped to a fresh record low on December 12, touching ₹90.56 per US dollar, as market sentiment weakened due to the lack of progress on a US trade agreement. A stronger American currency and continuous foreign fund outflows further added pressure on the rupee.
At the interbank forex market, the domestic currency opened at ₹90.43, later dropping to ₹90.56, marking a decline of 24 paise from its previous closing level. This move pushed the rupee beyond its earlier lifetime low of ₹90.4675 recorded on December 11.
The US Dollar Index was also marginally higher at 98.37, reflecting the dollar’s overall strength against major global currencies.