New Delhi: The Indian rupee fell below the 90-mark against the US dollar for the first time on Wednesday, dragged by persistent equity selling by foreign portfolio investors and uncertainty around the US-India trade deal as PM Narendra Modi's government rolls out the red carpet for Russian President Vladimir Putin.

The rupee hit a record low of 90.29 against the dollar in intra-day. It closed at 90.19, which is 0.4 per cent down from the previous day.

The rupee has slipped by 5.3 per cent against a dollar so far this year. This has made the rupee, Asia’s worst performing currency so far in 2025. This has been the sharpest decline in its value since 2022.

According to SBI Research, the decline in the value of the Indian currency is being driven to the edge by “trifecta of limbos in US-In

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