Mumbai: The Indian rupee slipped to a fresh record low on Friday, touching 90.52 against the United States dollar as pressure from weak trade sentiment, foreign outflows and strong demand for dollars continued to weigh on the currency.

Traders said the fall was driven mainly by delays in India United States trade negotiations and uncertainty over high tariffs imposed on Indian goods. The ongoing stalemate has reduced confidence among investors and added stress on the rupee, which has been weakening steadily over the past several weeks.

Market analysts explained that large foreign capital outflows from Indian equities and bonds have also added to the pressure. Many firms are buying more dollars to cover import payments and overseas obligations, which has increased demand for the US cur

See Full Page