The Rupee on Wednesday breached the psychologically crucial 90 to the US dollar level to close at a fresh all-time low of 90.19 in the backdrop of continued FPI outflows from the equity markets, importer demand, lack of visibility on a trade deal with the US, widening trade deficit, and restrained RBI intervention, among others.

The Indian currency closed down 32 paise against the previous close of 89.87. The Rupee has slumped about 5 per cent (or about 458 paise) against the US Dollar in the current calendar year so far.

Opening 10 paise weaker at 89.97 compared with the previous close, the rupee tested an intraday high/low of 89.9650/90.30 per dollar.

Anindya Banerjee, Head Commodity and Currency, Kotak Securities, attributed the slide in the Indian unit to a host of factors, includin

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