Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

MUMBAI: (Dec 3) The rupee plummeted to a new low of 90.25 against the greenback in the intra-day session on Wednesday, falling 29 paise from its previous close, amid FII outflows and sustained buying of dollars by banks.

A decline in the domestic equity markets and the absence of an India-US trade deal put further pressure on the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 89.96 against the greenback and slipped to an all-time intra-day low of 90.25, down 29 paise from its previous close.