Rupee slumps 54 paise to all-time low of 90.48 against US dollar in intra-day trade

The Indian rupee hit an all-time low of 90.48 against the US dollar following reports that a trade deal between India and the US is likely by March 2026. Forex traders cited the Chief Economic Advisor’s statement and prevailing risk-averse market sentiment, coupled with strong dollar demand, as key factors for the decline.

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