Rupee slips to new record low of 90.56/dollar as India-US trade talks drag on

The rupee weakened to 90.5175 against the U.S. dollar, slipping past its previous all-time low of 90.4675 hit on December 11.

The Indian Rupee declined to a record low on Friday, as investor sentiment on the currency remained bogged down by the absence of an India-US trade deal while likely portfolio outflows added to the pressure.

The rupee weakened to 90.5175 against the US dollar, slipping past its previous all-time low of 90.4675 hit on December 11. (Reuters)

The rupee weakened to 90.5175 against the US dollar. The exchange rate slipped past its previous all-time low of 90.46 hit on 11 December.

This is a developing story. More to come.