The Indian rupee breached the 90 mark against the US dollar for the first time. It fell to a new low of 90.14 against the US dollar today, slipping 28 paise. This happened from the previous close of 89.86, signalling renewed pressure on the currency.

The rupee has been falling because foreign investors are pulling money out of India, and there is still no trade deal between the US and India. These problems are affecting the rupee even though India’s economy is otherwise strong.

This has to be considered as the sixth straight session of fall for the Indian currency amid high demand for the dollar and a delay in the India-US trade deal.

Why the fall against the Dollar?

According to a Bloomberg report, India is still one of the few major economies without a trade agreement with the US, th

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