The Indian currency hit a fresh low of 90.42 against the US dollar. (Source: Pralhad Shinde/NDTV Profit). Show Quick Read Summary is AI Generated. Newsroom Reviewed

The rupee extended record against the US dollar on Thursday amid foreign fund outflows from domestic financial markets. The Indian currency slumped 23 paise to a new low of 90.42 a dollar.

The Indian currency has declined against the US dollar for session in a row.

The Reserve Bank of India has sold the greenback in the market to restrict runaway depreciation in the domestic unit, Bloomberg reported.

"Right now, the Indian rupee is under pressure because the 90 was an important psychological level, which was broken in the previous session. The Reserve Bank of India has been intervening, but not as aggressively as seen

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