Rupee slumps 54 paise to all-time low of 90.48 against US dollar in intra-day trade
Mumbai, Dec 11 (PTI) The rupee plunged 54 paise to an all-time low of 90.48 against the US dollar in intra-day trade on Thursday after reports surfaced that the India-US trade deal is likely by March 2026. Forex traders said the rupee fell to a new all-time low of 90.48 after Chief Economic Advisor V Anantha Nageswaran reportedly said the India-US trade deal is likely to be inked by March. Moreover, prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, dented investor sentiment. At the interbank foreign exchange, the rupee opened at 89.95 against the US dollar,