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 touched 89.48, sliding past its previous all-time low of 88.80 hit in late September and again earlier this month. It was down 0.8% on the day.

More to come.

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