Mumbai/IBNS, Dec. 3 -- The Indian rupee on Wednesday plunged to a record low, breaching the Rs.90-per-US-dollar mark for the first time in early trade, according to media reports.

Forex analysts attributed the slide to a stronger US dollar, rising global crude oil prices, and increased dollar demand from importers, Business Standard reported.

Market watchers said the currency remains under pressure amid the prolonged stalemate in India-US trade deal negotiations. Existing US tariffs on Indian goods have further strained bilateral trade and slowed portfolio inflows.

Published by HT Digital Content Services with permission from India Blooms....