Rupee falls 9 paise to record low of 90.87 against US dollar

MUMBAI: (Dec 16) The rupee plunged 9 paise to a record low of 90.87 against the US dollar in early trade on Tuesday, weighed down by sustained FII outflows and no breakthrough in the India-US trade deal.

However, a weaker greenback and a decline in global crude oil prices capped further losses in the domestic unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at its all-time low of 90.87 against the US dollar, down 9 paise from its previous close, and traded in a narrow range of 90.77- 90.87 in early trade.