Rupee at 90.70 All-Time Low vs Dollar; Trade Deal, FII Outflows Weigh

• Rupee slipped to an all-time low of 90.70 against the US dollar on December 15.
• The currency's decline is attributed to uncertainty over an India–US trade deal and persistent foreign fund outflows.
• Foreign institutional investors were net sellers, offloading ₹1,114.22 crore in equities on December 12.
• The rupee has declined over 5.6% year-to-date, with the RBI supplying dollars to manage volatility.
• Rising Brent crude prices also add to concerns over India's import bill.

Why It Matters: Weak rupee affects India's economy and your purchasing power.