India, Dec. 1 -- The rupee slipped 8 paise to settle at 89.53 (provisional) against the US dollar on Monday, pressured by strong demand for the American currency.
According to forex traders, the rupee's continued weakness stems from a widening trade deficit, delays in the India–US trade agreement, and limited RBI intervention.
At the interbank forex market, the currency opened at 89.45 and later dropped to an intraday record low of 89.79, down 34 paise from the previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....