MUMBAI, Dec 12 – The rupee hit a record low on Friday, as sentiment remained bogged down by the absence of a trade deal with the U.S. and portfolio outflows, drawing likely intervention by the Reserve Bank of India to curb the fall.
The rupee weakened to 90.55 against the U.S. dollar, slipping past its previous all-time low of 90.4675 hit on December 11. The currency was last at 90.3475 as of 10:00 a.m. IST, little changed on the day.
