The rupee fell 24 paise to a fresh all-time low of 90.56 against the US dollar, pressured by global uncertainty, FII outflows and strong dollar demand from importers. According to forex traders, the rupee is weakening mainly because importers are aggressively buying dollars amid rising global prices of precious metals.

The rupee fell to a new record low in early trade on Friday, slipping 24 paise to 90.56 against the US dollar.

The currency came under pressure as uncertainty around the India-US trade deal and continued foreign fund outflows hurt market sentiment. Read More

According to forex traders, the rupee is weakening mainly because importers are aggressively buying dollars amid rising global prices of precious metals.

The strong demand for the US currency is adding to the pres

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