India, Dec. 15 -- The rupee weakened by 9 paise to hit an all-time low of 90.58 against the US dollar in early trade on Monday, pressured by uncertainty surrounding the India–US trade deal and continued foreign fund outflows.
According to forex traders, the domestic currency remains under pressure with a negative bias as investors stay in a wait-and-watch mode, seeking clarity on developments related to the India–US trade agreement.
In the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar and subsequently slipped to a fresh intraday record low of 90.58, marking a 9-paise decline from its previous close.
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