New Delhi, Dec. 3 -- The Indian rupee hit its record low on Wednesday, falling below the psychological mark of 90 per US dollar.

Reeling under mounting pressure for the past several weeks, the rupee touched a fresh low of 90.29 today on the spot today against the US dollar.

Persistent uncertainties around India-US trade deal and rising imports have been among the factors exerting huge pressure on the local currency.

"Despite the new high, the overall price action remains orderly, with the RBI stepping in selectively to smooth volatility rather than hold any specific level," said Anindya Banerjee, Head Commodity and Currency, Kotak Securities.

"With 90 now broken decisively, it becomes the key pivot. Sustained trading above this area m...