Rupee at record low 90.48 vs US dollar; trade talks, outflows weigh

• The Indian rupee declined to a fresh all-time low of 90.48 against the US dollar.
• The rupee's fall is attributed to risk-off sentiment, high dollar demand, foreign fund outflows, and rising US/Japan bond yields.
• Uncertainty around the US-India trade deal and potential Mexican tariffs on Indian goods also pressured the rupee.
• Despite the rupee's decline, domestic equities showed slight gains, while the dollar index eased after a US Fed rate cut.
• Foreign Institutional Investors (FIIs) sold equities worth Rs 1,651.06 crore on Wednesday.

Why It Matters: The rupee's record low affects your purchasing power and import expenses.