USD vs INR, Dec. 13 -- The Indian rupee is languishing at record lows even as the US dollar index dropped to its lowest level in two months, as traders remained concerned about the lack of an India-US trade deal and strong foreign investor outflows.

The rupee fell to a record intraday low of 90.56 against the greenback on Friday, December 12, registering a fall of 24 paise from its previous close. At close, the rupee was at 90.49, down 17 paise.

Meanwhile, the relentless selling by the foreign portfolio investors (FPIs) shows no signs of a slowdown. In December alone, FPI outflows have reached Rs.17,955 crore so far. The yearly selloff has risen to Rs.161,630 crore, according to data from NSDL.

On the deal front, India and the US on Th...