Rupee slumps 25 paise to all-time low of 90.74 against US dollar

• Rupee hit an all-time low of 90.74 against the US dollar, losing 25 paise on Monday.
• The slump is due to uncertainty over an India-US trade deal, foreign fund outflows, and strong importer demand for dollars.
• Commerce Secretary Rajesh Agrawal stated India and the US are "very close" to finalizing a framework trade deal.
• The Indian rupee is currently the worst-performing currency among its Asian counterparts.

Why It Matters: Rupee's record low impacts India's economy and consumer costs.