Ahead of PM Modi and Russian President Putin's meeting, the rupee continued to decline to hit a new all-time low of Rs 90.43 on December 4, after having surpassed the 90 mark against the USD on December 3.

Financial services veteran Paramdeep Singh said, "The rupee’s decline is being driven by a stronger US dollar, elevated US Treasury yields, and sustained foreign outflows from emerging markets."

Sharing his view on the rupee downswing, Prashant Mishra, Founder and CEO, Agnam Advisors, said, “The Indian Rupee has slipped below 90 against the US dollar, touching a new low of around 90.43. This slide isn’t happening in isolation. Foreign investors have pulled out nearly $17 billion from Indian markets this year, trade talks with the US have stalled especially with America imposing steep t

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