New Delhi, Nov. 21 -- The Indian rupee slumped to a fresh low against the US dollar on Friday, November 21, weighed down by weakened risk appetite as rate cut expectations by the Federal Reserve faded and amid uncertainty over the India-US trade deal.

The rupee slipped past its previous all-time low of 88.80 to 88.83 today. For the day, the domestic currency was down 0.1% against the greenback. On the interbank order-matching system, losses were even sharper, with the currency last quoted at 89.34, as per a Reuters report.

More to come.

Published by HT Digital Content Services with permission from MINT....