Key Highlights
- Rupee closed at a record low of 90.97 against the US dollar.
- The currency depreciated 7 paise due to strong dollar demand and foreign fund outflows.
- The interbank forex market saw the rupee open at 90.91 and reach an intraday low of 91.06.
- Geopolitical uncertainties and risk aversion are impacting emerging market currencies.
- The domestic stock market is sluggish, exacerbating the rupee's decline.
