India, Dec. 15 -- The Indian rupee fell to a new record low on Monday against the US dollar as uncertainty continues to surround a India-US trade deal and persistent foreign fund outflows.

The rupee fell to 90.72 against the US dollar in intraday trade, after opening at 90.53. The rupee had dropped to close at an all-time low of 90.49 against the dollar on Friday. The dollar index, which measures the greenback's strength against a basket of six currencies, was down 0.05% at 98.35.

According to forex traders, the rupee is trading under pressure as investors remain cautious and are adopting a wait-and-watch approach, looking for signals on the India-US trade deal.

According to exchange data, foreign institutional investors sold equities ...