Rupee hits record low 90.74 vs Dollar; worst Asian currency

• The Indian Rupee hit an all-time low against the US Dollar on Monday, touching 90.80 and closing at 90.74.
• Uncertainty over the India-US trade deal and continuous foreign fund outflows were cited as key reasons for the Rupee's decline.
• The Rupee was identified as the worst-performing Asian currency, despite a better-than-expected trade balance.
• Analysts believe the Reserve Bank of India's recent actions helped prevent an even larger fall for the Rupee.
• The Rupee failed to capitalize on a 1.1% drop in the dollar index during the month.

Why It Matters: Rupee's record low against the dollar signals economic instability.