₹ slumps 17 paise to close at all-time low of 90.49 against $

The rupee depreciated by 17 paise to close at an all-time low of 90.49 against the US dollar Friday, as uncertainty over the India-US trade deal and persistent foreign fund outflows dented investor sentiment.

- PRESS TRUST OF INDIA

Forex traders said the rupee is under pressure, largely due to aggressive dollar purchases by importers amid surging global precious metal prices.

At the interbank foreign exchange, the rupee opened at 90.43 against the US dollar, then fell further to a record intraday low of 90.56 against the greenback, registering a fall of 24 paise from its previous close.