India, Dec. 16 -- The Indian Rupee slipped to an all-time low for the fourth consecutive session on Tuesday, as an India-US trade deal remained elusive.

The rupee slipped to an all-time low of 91.03, eclipsing its previous record low of 90.78 hit on Monday, due to dollar bids spurred by the likely maturity of positions in the non-deliverable forwards market and persistent FII outflows. The local currency has fallen more than 1% against the greenback in the past five trading sessions.

The rupee is Asia's worst performing currency this year, declining as much as 6% against the US dollar, as steep US tariffs weighed on Indian exports. India is the only major economy without a trade deal with the US.

Such has been the rupee slide that it's...