It dropped to a record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 touched a day earlier.
The sharp fall in the rupee amid weak trade and portfolio flows, restrained intervention by the central bank as well as the lack of clarity over a India-US trade deal also weighed on domestic equity markets.
The development raised concerns about inflation and foreign investor activity.
The Reserve Bank of India’s monetary policy is expected to announce the interest rate decision on December 5.
ALCHEMPro News Desk (DS)
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