Rupee records another low, nears 91 amid FPI outflows

The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a new all-time low of 90.78 against the US dollar, registering a loss of 29 paise over its previous close, weighed down by uncertainty over an IndiaUS trade deal and persistent foreign fund outflows.

- PTI

Forex traders said prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further dented investor sentiment.

At the interbank foreign exchange, the rupee opened at 90.53 against the US dollar, gained slightly to 90.51 level and then lost ground to hit a record intra-day low of 90.80, registering a 31-paise decline from its previous close.