The Indian rupee weakened beyond the crucial ₹90 per US dollar mark for the first time on Wednesday, as uncertainty surrounding the long-awaited India-US trade deal continued to weigh heavily on market sentiment.

The currency slipped to 90.13 per dollar, surpassing its previous record low of 89.9475 registered on Tuesday. It was trading 0.3% lower intraday. Analysts attribute the sharp decline to limited intervention by the Reserve Bank of India (RBI) and persistent foreign investment outflows.

Ritesh Bhansali, Deputy CEO at Mecklai Financial Services, told Bloomberg News that exporters are holding back on selling dollars in anticipation of further depreciation, while importers continue to drive strong dollar demand.

So far this year, the rupee has fallen 4.9%, making it Asia’s worst-pe

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