Rupee plunges to record 90.87 vs US dollar, down 9 paise

• Rupee fell 9 paise to a record low of 90.87 against the US dollar in early trade.
• The decline was primarily due to sustained FII outflows and lack of progress on the India-US trade deal.
• A weaker US dollar and lower global crude oil prices helped limit further losses for the rupee.
• India's trade deficit narrowed to USD 24.53 billion in November, with exports rebounding by 19.37%.
• Foreign Institutional Investors (FIIs) sold equities worth Rs 1,468.32 crore on Monday.

Why It Matters: Record rupee fall impacts India's economy and daily costs.