NEW DELHI, Dec. 4 -- The Indian rupee may slip to around Rs.91.50 per US dollar in the next three months, market experts told Mint, pointing to bearish technicals, heavy capital outflows and a widening current account deficit.

After breaching the 90-per-dollar mark on Wednesday, the rupee slipped further to an all-time low of 90.56 on Thursday before pulling back to close at 89.98.

On the charts, the dollar-rupee (USD/INR) pair has given a strong weekly breakout above 89.84, opening room for a further rally, according to Ajay Suresh Kedia, founder and director of Kedia Advisory. He expects the rupee to weaken toward 91.50 over the next three months.

"The pair has completed a large cup-and-handle formation, with price surging toward the...